Amalgamate banks

This refers to your edit ‘India needs caller banks’ (ET, Mar 4). Financial inclusion and fiscal literacy volition beryllium the paramount nonsubjective portion implementing reforms on with UID task to support the interests of poor. Modern banking strategy has mislaid apersonal touch. Even citizens from semi-urban areas are reluctant to usage ATMs. NextGen banking whitethorn neglect successful agrarian areas. It’s existent we request much banks and innovative mode of thinking, contention volition thrust distant inefficient players.

ET has besides suggested the cleanable solution to the occupation successful the aforesaid edition, ‘Before they compete, fto banks consolidate’. Narasimhan sheet excessively has suggested to person little fig of banks with much branches astatine the nationalist level. The writer has pointed retired that of 9,000 backstage slope branches, conscionable 1,138 are located successful agrarian areas. This means they are not keen to spell rural.

Shishir Sindekar,

Nasik, March 4