The focus of Subir Roy's article seems to be "financial inclusion" ("Still a case for 'Post Bank of India'", Value for Money, March 12). Remember that financial inclusion is not the be-all and end-all of banking. At present, India Post has savings accounts in more places than commercial banks, but what does the organisation do with such funds? It simply lends them to the central and state governments. But "Post Bank of India" cannot replicate this business model, since it would be quite difficult to manage the assets side of the balance sheet. Commercial banks' business model is a whole different ball game; India Post as a bank would only add to its existing losses. Moreover, public sector banks are already bleeding. So should India Post join the league?
K V Rao Bangalore
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