Urban Vs Rural Banking- Quick Analysis
Region wise deployment of ATM for the quarter ending June, 2016
Source - https://rbi.org.in/SCRIPTS/StateRegionATMView.aspx
Summarizing the above two tables-
So there is
· 1 bank for a population of 2261 in urban India, and
· 1 bank for a population of 21688 in rural India.
Some other issues that we can easily comprehend for rural banking-
1. Power supply
2. Network bandwidth
3. Skilled workforce or motivated workforce
Overall, I see that rural India that may not be actually accounting for bulk of black money is actually at the receiver’s end.