Financial inclusion and inclusive growth are no longer just policy choices, but are policy imperatives, which would determine the long-term financial stability and sustainability of the economic and social order, going forward. Still a large section of Indian society is deprived of basic financial facilities. Indian banking system, led by Reserve Bank of India is making an effort to wipe away the financial exclusion from Indian society. The present paper will take a stock of present financial inclusion status and the initiatives taken by the banks to bring more and more peoples into the ambit of formal financial structure. Efforts have also been made to make some suggestions so as to further the cause of financial inclusion.