Business Crrespondent or Business faciliatator model has not had desired effect as most of the public sector banks who could have made really an impact has hardly moved.
Grasso had started at a whirlwind speed for massive roll out for inclusive banking with Fino & ICICI bank. But the later day inclusion of a restrcitive clause of a bank branch vicinity within a 15 KM radius has put a little dampner to the enthusiasm as left cash management a serious loss making proposition It requires a whole new approach to combine deposit mobilisation to cash dispensation as well as other forms of asset management tools to boost operating profit. But another clause inserted for banks having full core banking facilities is a further restrictive clause. Actually if the regulators & practitioners take an attitude of "all risks to you so that I am not called in to question" will never see any financial inclusion worth its name. Whatever bold decision Mr Reddy has taken during his tenure will remain on paper as public sector banks are not taking the bold enough step & we are depending on tech savvy banks like ICICI, HDFC , Axis banks to fill the slot , whereas SBI, PNB, Union bank etc are mired in pilots
1 comment:
Business Crrespondent or Business faciliatator model has not had desired effect as most of the public sector banks who could have made really an impact has hardly moved.
Grasso had started at a whirlwind speed for massive roll out for inclusive banking with Fino & ICICI bank. But the later day inclusion of a restrcitive clause of a bank branch vicinity within a 15 KM radius has put a little dampner to the enthusiasm as left cash management a serious loss making proposition
It requires a whole new approach to combine deposit mobilisation to cash dispensation as well as other forms of asset management tools to boost operating profit.
But another clause inserted for banks having full core banking facilities is a further restrictive clause.
Actually if the regulators & practitioners take an attitude of "all risks to you so that I am not called in to question" will never see any financial inclusion worth its name. Whatever bold decision Mr Reddy has taken during his tenure will remain on paper as public sector banks are not taking the bold enough step & we are depending on tech savvy banks like ICICI, HDFC , Axis banks to fill the slot , whereas SBI, PNB, Union bank etc are mired in pilots
Post a Comment