How much ever digitization advances, brick and mortar bank branches will continue as long as 'black money" and money laundering prevails. The Indian economy and the unaccounted cash flow are so closely knit that even the historical move -Demonetization - was not fruitful. Hence digitization is only a convenient alternative for quick banking but it will never wipe out the banking sector. View more

How much ever digitization advances, brick and mortar bank branches will continue as long as 'black money" and money laundering prevails. The Indian economy and the unaccounted cash flow are so closely knit that even the historical move -Demonetization - was not fruitful. Hence digitization is only a convenient alternative for quick banking but it will never wipe out the banking sector. View less