People view about monetization

I read several articles on this subject. Most banks have huge NPAs(non performing assets = default loans). SBI alone has 1 lakh crores and has written off around 10k crores. Their 1 quarter loss is 99%. This cash will provide liquidity, will be lent out at a lower interest rate, will help banks make money. 86% of people carry out their daily transactions in cash, if you make them use digital money or credit cards, ATMs, cheques, this FEE will be a HUGE revenue source for banks, but Will be added cost to consumers.

SBI Q2 profit plunges 99.6%Gross NPAs cross Rs 1 lakh crore-mark

Bank had written off Rs 10,673 crore in H1
As
per the latest published quarterly numbers, SBI had written off loans
worth Rs 6,060 crore at the end of September while it was Rs 4,613 crore
at the end of the first quarter of the current financial year
Collectively, the bank has written off Rs 10,673 crore in the first half of the current fiscal
Www.vsocuonselling.weebly.com