...........The grapevine has it that many aspirants have already sounded out small banks for a merger! Mint Road has pinned its hopes on ceteris paribus — a bank promoted by a large industrial group or an established NBFC will be able to foster financial inclusion. But its own discussion paper (dated 11 August 2010) had highlighted the pitfalls. A model tilting towards financial inclusion may not be able to provide commensurate returns to banks to enable them to compete with others; cross-subsidisation with other gains is not possible. It will create an uneven playing field vis-à-vis existing banks. And, in case .............
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