> The cash deposits and reserves from these customers, broadly speaking, are not that much.
Indeed the deposits by the very poor aren't much. But this is a government scheme targeted at enabling the poor, not to help the banks.
My mom once mentioned, how nice it was when my parents first got a bank account. They started saving. Money became easier manage. To enable 15Mn people to have bank accounts is a good step.
Indeed the deposits by the very poor aren't much. But this is a government scheme targeted at enabling the poor, not to help the banks.
My mom once mentioned, how nice it was when my parents first got a bank account. They started saving. Money became easier manage. To enable 15Mn people to have bank accounts is a good step.