ET also suggested the perfect solution to the problem in the same issue: “Before they compete, let the banks consolidate”. The Narasimhan Panel has also suggested having fewer banks with more branches nationally. The author has pointed out that out of 9,000 private bank branches, only 1,138 are in rural areas. That means they don’t like going to the country.
Nassik, March 4th
https://economictimes.indiatimes.com/amalgamate-banks/articleshow/5645086.cms Amalgamate banks – The Economic Times