Opening new banks

There are enough banks to maintain the economic strength of this country. Permission to open new private banks will only introduce bad competition and exploitations of the employees. It is crystal clear that black money holders will be the shareholders of these banks and permission will be given on the basis of political consideration. Perhaps the government is going to destroy the only functioning banking sector like the share market. Instead of giving new banks the government needs to expand the existing banks with all out monitoring that will be the appropriate step to save our economy.