Mumbai, May 19 -- With the aim of achieving economic growth, various initiatives were undertaken, both by the public and the private sector, to bring large swathes of the financially excluded and ignored into the banking and financing fold. However, if recent reports are to be believed, not all efforts may be bearing fruit. It is important for India that financial growth accelerates. A report on the Trend and Progress of Banking in India 2017-18 indicated that despite having an 80% banked population among all Indian adults, almost half of these did not conduct any transactions in the preceding 12 months. Seen as a bellwether for inclusion, this points to a glaring underachievement in financial inclusion efficacy. The global context of inactive accounts amounts to just 25% of the total....