............ A prime reason for issue of new bank licences is financial inclusion. By that criterion, India Post is an automatic choice. With close to 1,55,000 offices, a majority of them in rural and semi-urban areas, and 30 crore deposit accounts, India Post can do what commercial banks have tried to over the years, but with limited success." Look at the logic closely and what the editorial is saying is this: India Post has a lot of real estate in villages and financially excluded places, It is already taking in deposits, so it is ready to become a bank. If it were that simple, any retailer with real estate in the right places should be ideally positioned to become a bank. How about Bata as a semi-urban bank? Why not every rural police station? Even better, they could guard the cash better. There are lots of kirana stores in rural areas. Why not give them a bank franchise?............
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