Yes, we need more banks, but sound ones. RBI should take care of each weak banks and make them strong by giving proper medicines and cure to reform them. Just dissolving and or closing the weak banks is not the solution. In such cases, some experts be appointed and rehabilitate the weak banks as builders do redevelopment of the old ones. I hope RBI Management may come up with stringent measures to rehabilitate the directives issues to some of the Co-op banks which are now a days dissolving more and more. Alternatively, no licences be issued to such coop. banks in future. Make them alert from time to time, highlight to the customers who are not knowing the dissolution of a coop. bank, Suddenly one sweet morning these coop. banks are closed and customers moneys are blocked which they have invested for their daily bread. Before closing any coop. banks, RBI shd publish well in advance in order to make customers alert to take their money out from the Bank, which are their daily need for bread. pl look into this matter seriously and take appropriate step in the interest of customers who have invested in such weak coop. banks. customers are not qualified like Bank Managers. Education is meant for spreading and not looting the customers.
- Krishnan Swaminathan, Ex Private Secretary
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