Post offices, cooperative banks the next Amul success story in banking?

Reserve Bank of India governor Raghuram Rajan is singing from the same hymn book as Prime Minister Manmohan Singh when it comes to financial inclusion. But for those who have heard Indira Gandhi's Garibi Hatao slogan and seen the bank nationalisation in 1969, it may just be old wine in new bottle. Life has come full circle for Indian politicians and policy-makers. This time round they are not for nationalising more banks, or forcing the existing ones to increase their lending to the poor.

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