PCOs & kirana stores to function as banks

RBI is not able to have a ful control over APEX banks and co-operative banks . MOdern banks are vulnerable to increased amount of frauds with the passage of each day ....under this circumstance ,I have my own doubts ,as whether this is to popularise Banking habit or crearing aversion and fear towards banking system . Howver we all need to wait and watch ,as what model is implemented...I HAVE STRONG DOIBTS ABOUT ITS SUCCESS

no the best thing and is to pay the income tax and all types of taxes honestly and with this amount govt should help the poor. everybody who has kept foot on the earth like to earn and work, the poor should be given work and create resource which will make them stand as well as will make the country more powerfull. above all interest free banking should be started in india which would be helpfull for the poor people. NO PCO OR KIRANA START WITH PETROL PUMPS FIRST

I agreed with your views  to  overcome the poverty problems in indian economy.But I have an idea that poverty problem can be solved  by enhancing the purhcasding power of poor peoples of  indian economy thru increasing the regular income of the members of family so that their regular bedget of expenditure cound upgrade for their sustainble economic growth not in monatry form but also upgradation of thier  social standard of livning thur higher and technical education .

Many new verticals were added to the service portfolio of banks recently and the working of banks are becoming complex day by day.

 Yes agree with what Swati madam and joshi sir said, can act as extension or function specific and  to some extent like atms did they may benefit banking operations . Like mathew sir said it can be an option for rural areas, where small denominations are involved and panchayats etc perform some banking functions like thrift, small loans etc.

Still there is no clarity regarding the structure, let us see how the whole thing unveils. Actually this is new information for me, thanks for updating Swati madam.

Swatiji and Joshiji are right. This may be used as collecting bills and cheques. Not only Banking needs lot of expertise and experience they need to have a fair good hand in share market and smart brains to invest which I don't think the kirana shops still possess. Also, since there is no clear picture of the whole process, a question marks also comes on the security of the money.

Banking needs expertise and infrastructure for money transactions. As Swatiji says, it can be a cheque collection center for bill s like telephone bill, water bill, electricity bill etc.