It has been an interesting last week when I visited two major Gramina Banks namely Rajashthan Gramina Bank in Jodhpur and Madhya Pradesh Gramina Bank in Indore to discuss with their senior staff such as General managers and Regional managers to discuss DPDPA.
The Gramina Banks after the mergers are one for each state and have 1500 or 2000 branches in their respective states. They therefore are bigger than many other small Banks in the urban areas. Some of these Gramina banks are also getting ready for listing in the Stock Markets. Hence they represent a very interesting study for the impact of DPDPA. Some of them may still depend on their sponsor banks for IT administration but many have developed their own systems also.
NABARD is providing the collective leadership for the 28 such Gramina banks along with the individual assistance the sponsoring Banks are providing to their sponsored entities.
We are watching how the roll out of DPDPA happens in these branches and what lessons can be drawn for the industry.
Naavi
