after daily basis interest calculation now govt. decided to stimulate people for bank accounts by penetrating in rural area
yeah this was expected from the govt because banks are the most important link of financial system as our economy is developing so we need more money in circulation for growth perspective,
as we all know this that indians has more mobiles than a bank account only 40% of indians having bank account which is not good from the indian point of view means there are still atleast 50crore people those are not facilating the bank account thats why their money is not able to grow ............
and thats why their standard of living is also not able to grow but now as our FM says that 73000 villages those have population more than 2000 will be under banking rule so this news can bring up the bankig share specifically for state bank of india .............
in india there are only 38% banks branch in rural area which is not satisfactory numbers at all ...........
still huge market is untrapped now banks should go towards efficient working as base rate introduced & hope some more banking license can given in coming budget so market is untrapped but competition is tough.............
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