Balance Sheet of financial cooperatives are fatter than that of commercial banks

According to a study, in Nepal amount of total deposits in financial cooperatives have outgrown the total deposits of all the commercial banks...............Does this mean encourage Financial cooperatives for financial inclusion ????

"मुलुकभर रहेका सहकारीहरूमा सम्पूर्ण ३१ वटा वाणिज्य बैंकभन्दा बढी निक्षेप रहेको सहकारी विभागले गरेको एक अध्ययनले देखाएको छ । विभागले माघमा संकलन गरेको विवरणअनुसार सहकारीको कुल निक्षेप बैंकहरूको भन्दा ३० अर्ब रुपैयाँले बढी छ ।

वित्तीय सहकारीले गत माघसम्म ६ खर्ब ५० अर्बभन्दा बढी निक्षेप संकलन गरेको तथ्यांक छ । नेपाल राष्ट्र बैंकको पुससम्मको तथ्यांकअनुसार वाणिज्य बैंकहरूमा ६ खर्ब १९ अर्ब रुपैयाँ निक्षेप छ ।" Click here to read more

This news forced me to revisit an article I read in Harvard business review -

"many innovations that engage the poor have come from players outside the mainstream in their industries. Take the financial sector, for example: Microfinance originated with NGOs, mobile money was developed primarily by telecom companies, and micromortgage companies in India are being launched by entrepreneurs and firms with no experience in the housing-finance sector. Established commercial banks, on the other hand, are usually saddled with legacy systems, fixed assets, regulatory requirements--and, occasionally, mindsets-- that make it difficult for them to lead the innovation charge in financial services for the underserved"