Regarding the editorial “Banking muscle”(Business Line, November 28), while it is desirable to have banks of international stature, in a growing economy such as India’s, the need is to have more banks/branches, especially in the rural areas, and to improve efficiency of service. The expansion of banking networks, banking products, is required. Expanding the existing banks through acquisition of smaller ones may have the adverse effect of fall in efficiency, and thereby, profitability.
T.R.Anandan, Coimbatore (HBL)
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