Industry Bodies Urge RBI to Keep Banks Open
· Business · Business Standard
The Indian Banks' Association (IBA), the Confederation of Indian Industry (CII), and the Federation of Indian Chambers of Commerce & Industry (FICCI) have jointly urged the Reserve Bank of India (RBI) to keep bank branches open. This appeal was made during a recent interaction with RBI officials, reflecting industry concerns about banking access. The specific date of the interaction or the exact RBI officials involved were not mentioned in the source. Industry representatives argued that maintaining physical bank operations is crucial for customer service and economic activity, particularly for segments reliant on in-person banking.
Why it matters
The request directly impacts retail customers, small businesses, and rural populations who depend on physical bank branches for transactions and services. Keeping banks open ensures continued access to financial services for those with limited digital banking adoption or preference.
Read the original report — Business Standard
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