Role of foreign banks in promoting financial inclusion: “A time series analysis of five permanent members of UN security council”

• DOI: 10.1016/j.iref.2024.02.029
• Publication Date: 2024-02-19T16:46:44Z
• Authors: Amjad Ali; Ahsan Ali; Suresh Kumar Oad ...

Financial Inclusion is an important determinant of bringing inclusive growth which promoted by the foreign bank entry as it increases market competition and brings about greater outreach. Foreign Bank Entry has been considered impediment towards domestic markets misunderstood. Banks not only bring higher assets but also provides credit to government-owned enterprises, Small Medium Enterprises, Micro Credit. Most developed countries have understood this phenomenon achieved significant financial inclusion liberalizing their banking industry. It essential conceptualize measure magnitude factors, determinants, antecedents for promoting inclusion. ology: An empirical research methodology adopted using Normality test, data diagnostics Regression, Unit Root Test, Bounds Co-Integration Long Run Coefficients, ARDL explore determinants entrance banks promote Data taken from 5 countries, United Nations Security Council's permanent members with Veto Powers including (United Kingdom, States, Russian Federation, France, China) 15 years form 2005–2018, making sample 75 (n = 75) each eight variables under study. The results confirm that all a effect at level or 1st order difference on caused entry. This study original work author exact replication any prior study; evidence discusses literature Entry.