more atms more opening of bank accounts.I have lost faith in banks too.Unless lending and interest rates are at parity with inflation.Money gets devalued in banks.
Hmmm...with nearly 70% of the poverty-stricken aam aami forced to eke out a miserable existence on less that US$1/day, is it any surprise that such a large percentage of the populace have nothing to put in the bank?????
..are mere,puppets of the vested interests.RBI is a known pro-Oligarch,pro-rich body.It will cut rate on October 30th,as, India inc DEMANDS rate cuts...RBI is no good.
1000 rupees **cash/coins per person** is what RBI printed since Independence. If you're holding/hoarding more than 1000 rupees, it's Zero_sum which will lead to Social_unrest in India
