Cooperative
Banking – Hopes on the rise
Banking
environment in India structurally has become more dispersed than before with
the Small Finance Banks, Payment Banks, Postal Bank emerging on the scene.
Mergers and amalgamations in the private and public sector banks and ever
increasing NPAs in the commercial banks are threatening the stability of the
system. Seemingly strong macro-economic fundamentals notwithstanding,
disruptive technologies are also adding fuel to fire. FRDI Bill poses a threat
to the security of depositors and leaders’ promises cannot be insurance to what
the bill itself holds for the banking clientele. Senior citizens, differently
abled citizens, women and several customers of small means feel distanced from
the services they were expecting at the hands of the banks.
