Private banks having approx 25% market share of indian banking space but only 3.20% jandhan accounts

Private banks having approx 25% market share of indian banking space but only 3.20% jandhan accounts.Why?

 

Their prime focus is profit and they are meant to target the segment which can help them enhance their profits. Jan Dhan accounts won't help them to do so as it will hamper their efficiency by maintaining such accounts. PSBs are there for the government to do the hell with these accounts. Now Aadhar is also being issued by banks. Now bankers are waiting for the government to issue a notice and direct PSBs to adhere to SOP of polio drop campaigns in the near future.

 

@Jitesh Falwaria as you vote so shall you reap ,the effect of choosing a mass murderer over an Economist

 

Reasons- dormancy 2nd increased the bulky data to maintain 3- inoperative accounts have no use 4- purpose of financial inclusion to put banking in the habits of people is not served , due to lack of financial literacy and uncaring attitude of bankers