Get People and their Economic activities connected to banking.

The Indian banking is weak because of dominance of informal economy, inequality of incomes and wealth, laxity of Governance at various levels of administration and presence of middlemen, indigenous bankers, money lenders and NBFCs of all kinds. The banking scenario is changing fast and middle class who save in banks have no money to save because of all sorts of taxes which do not seem to be getting accounted anywhere other than to those who levy them. The banks also lose heavily because of their dependence on Technology , Non human approach, and not understanding the customers. The taxation policies of the government and the ease of doing business are not favouring or encouraging any one to attract to any economic activity. The data collection in the country is erroneous and do not seem to be reflecting the correct position of employment, generation of economic activities and productive assets. Banks can thrive only if people and their economic activities get  fully connected to banking. 

Dr T V Gopalakrishnan