The missing women in finance. Women comprise a very small proportion of the financial industry workforce, and this has implications on the way female clients use and benefit from financial services.

Women and their money – understanding how to take control….Financial Planning
54 percent of women account holders report not using their account, as opposed to 43 percent male account holders.

The Indian financial landscape is undergoing a dramatic change. India witnessed a surge in bank account ownership during the 2011-2017 period: 80 percent of Indians owned a bank account in 2017–an increase of 45 percentage points since 2011. This surge is primarily attributed to the Pradhan Mantri Jan Dhan Yojana (PMDJY).

However, this push for financial inclusion has not achieved its true objective, which is to ensure that all citizens not only have access to bank accounts, but avail other facilities that come with it–formal credit, insurance, and overdraft, to name a few.

According to the Global Findex database released by the World Bank, roughly one out of two bank accounts in India remain inactive, about twice the average of other developing economies. Worse, the gender gap in these inactive accounts is notable: 54 percent of women account holders report not using their account, as opposed to 43 percent male account holders….Women Tend to Use Their Bank Accounts More if Banker is Female
The-Bharat-Microfinace-Report
PUB-PUBLIC/ ABOUT THE GLOBAL FINDEX DATABASE