If the bank can’t come to the customer, then…

According to the 2001 census, 72 per cent of Indians live in rural areas. According to finance minister P. Chidambaram, he can’t do anything about farmers borrowing money from moneylenders. According to P. Sainath in The Hindu:

Number of rural branches of scheduled commercial banks in 1993: 35,389

No. of rural branches of SCBs in 2007: 30,639

No. of branches closed in 15-year period: 4,750 @ 26 per month

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Number of metro, urban, semi-urban branches of SCBs in 1993: 25,671

No. of metro, urban, semi-urban branches of SCBs in 2007: 40,832

No. of new branches opened in 15-year period: 15,161

Source: Reserve Bank of India’s Handbook of Statistics on the Indian Economy (2006-07)