Letter to BS: Do PSBs have the vision to survive in digital war space?

Public sector banks cartel has managed to secure their pound of flesh without matching productivity benchmarks

This is in reference to Anup Roy’s article, “Banks of future will be very different, says RBI governor’’ (February 25). Reserve Bank of India Governor Shaktikanta Das has classified four broad categories of future banks: a) Large Indian banks with domestic and international presence, b) mid-sized niche banks, c) small private sector banks, small finance banks, regional rural and co-operative banks and d) digital players. But it will be the digital players who will disrupt the sector. Two decades ago, the new generation private sector banks, driven by technology and nimble ear-to-the-ground management, carved a niche for themselves. The digital