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Online banking to kill physical banks in 5-6 yrs: Amitabh Kant

NITI Aayog CEO Amitabh Kant has said the next 5-6 years will see the death of physical banks. "My view is in next 5-6 years you will see the death of physical banks. It will be very difficult for physical banks to survive because the cost of physical banks will be so enormous. It will be so enormous compared to an online instrument”, Kant said at an IAMAI event.

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