Banks are on the CBS platform. Digitization has made strides in banking. Loss-making, non-viable rural branches dent their profitability. We can explore unified assisted banking on wheels to have a better reach into interior villages and their hamlets through market analysis. Though mobile banking on wheels has been tried in the past, it needs to be improved to tap the maximum advantages for the banks as well as the people therein in the present scenario according to industry analysis.
2. • Banks are on the CBS platform. Digitization has made strides in
banking. Loss-making, non-viable rural branches dent their
profitability. We can explore unified assisted banking on wheels to
have a better reach into interior villages and their hamlets through
market analysis.
3. The concept of regional rural banks has not clicked much in many parts.
• A large number of rural banks' small branches cater to many villages
as per the service area approach. Some villages are quite far from the
nearest bank branch. Some such branches are not profit-making or
just survive to sustain the establishment costs involved.
4. Interface of CBS:
• Digitalization on secured systems is feasible, though most of the transactions
would be for deposits, small loans, basic services, etc., of the people living in the
villages covered. It would be a good way to motivate people to open bank
accounts and to impress upon Zero-Balance No-Frill account holders the need to
use banking services.
