Letter to BS: Can private banks offer services at affordable prices?

It is time half-hearted measures to improve the functioning of the urban co-operative banks (UCBs) end

This refers to “Accept or not, privatisation is on” (January 13). There is no doubt that the total market share of the banking business, deposits, advances etc of the public sector banks (PSBs) have fallen steeply in recent years and private banks are the major beneficiaries of this phenomenon. But the moot question is whether the private banks have the wherewithal to offer banking services to the millions of lower middle class and poor people in metros, cities, smaller towns and villages at affordable prices? Will the private banks be able to open branches in interiors of states like Uttar