'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
"One Nation, one Bank" should be the policy. It will be easy to manage and control the money flow. With the 14 nationalized banks, people have account in all the banks. Hence monitoring of a persons money accountability becomes difficult.
I welcome the merger of banks. In due course, the number of banks in India will be reduced substantially. I also recommend that each and every village should have a bank of that major bank.
No life without Sun
The monitoring of accounts of different people will be easy. Coming to the question monopoly, all the banks are monitored by RBI and almost all banks will have similar rules and regulations. So it may not make much difference. The same person having different accounts in different banks is also a waste of time and money. I feel merging the banks will be a better option.