Grp A1- Bancarizacion Case Study by Lata Dhir https://padlet.com/latadhir/Ex2_GrpA1 Made with the best of intentions en-us 2021-03-02 11:24:51 UTC 2026-01-31 06:04:21 UTC hello@padlet.com https://padlet.net/icons/png/1f9d0.png pgpm2021eldhose https://padlet.com/latadhir/Ex2_GrpA1/wish/1271105670 * People think banks as robbers
* They spend more when their savings are stored locally at their home
* To tackle this they keep money in different cans so as to differentiate what can be spent and what not
* They buy new things as soon as they have the required money (eg. TV)


]]> 2021-03-04 20:05:17 UTC https://padlet.com/latadhir/Ex2_GrpA1/wish/1271105670 Inferences https://padlet.com/latadhir/Ex2_GrpA1/wish/1271252828 2021-03-04 20:42:33 UTC https://padlet.com/latadhir/Ex2_GrpA1/wish/1271252828 https://padlet.com/latadhir/Ex2_GrpA1/wish/1271297581 1. Only 50% have a bank account
2. No model for low income group i.e 8-12 dollar income
3. People have had a Negative experience with the bank. Don't trust the bank
4. They keep their savings in containers and prioritise
5. Bank usually spends 2-3 days on design, now spending 3 months
6. People Will trust more/ find it more safer if inside a Walmart or store

]]> 2021-03-04 20:54:58 UTC https://padlet.com/latadhir/Ex2_GrpA1/wish/1271297581 pgpm2021abhijeet https://padlet.com/latadhir/Ex2_GrpA1/wish/1271340951 Bank in order to have access to unbanked customer should employee or utilize trusted members of local communities in order to gain the trust of these customers. ]]> 2021-03-04 21:07:10 UTC https://padlet.com/latadhir/Ex2_GrpA1/wish/1271340951 1) Bank needs to understand the issues of the lower income group and accordingly prepare a strategy. pgpm2021vaishali https://padlet.com/latadhir/Ex2_GrpA1/wish/1271729597 2) To understand the issues of the target customers, and to add emotional value to them, bank is putting efforts by making sure that people don't feel excluded and they are learning how people manage their finances.]]> 2021-03-04 23:54:25 UTC https://padlet.com/latadhir/Ex2_GrpA1/wish/1271729597 1) Interest free banking for low level income people pgpm2021vaishali https://padlet.com/latadhir/Ex2_GrpA1/wish/1271740893

]]> 2021-03-05 00:00:02 UTC https://padlet.com/latadhir/Ex2_GrpA1/wish/1271740893 Idea - Banks can replicate the goal based categorized savings that Low income customers usually have at homes, at minimal commissions, and provide additional services to the Savings Account like Coupons, Gift Cards, and Store Offers to lure in the Low Income customers. (Earn on Loans on a long term) pgpm2021tushar https://padlet.com/latadhir/Ex2_GrpA1/wish/1272013198 2021-03-05 01:34:11 UTC https://padlet.com/latadhir/Ex2_GrpA1/wish/1272013198