Financial Daily from THE HINDU group of publications
Monday, Dec 26, 2005
Financial Daily from THE HINDU group of publications Monday, Dec 26, 2005 |
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Opinion
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Letters Rural banking
This refers to the article "State Bank launches `no frill' account for villagers" (Business Line, December 22). The move is welcome, as it will give increased access to banking services especially in villages. But the question is how to make it reach the interiors of the country. The cost must also to be considered. SBI plans to enlist the help of local residents, SHGs, etc, with an SBI Mitra scheme. The Postal Department is trying to develop the banking sector. Why can SBI not have an arrangement with the Postal Department for the benefit of both? It could reduce cost, ensure better control and give increased access. A. Jacob Sahayam Thiruvananthapuram
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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