The Reserve Bank is again calling for applications for grant of bank licences. These will be for Small Banks, Payment Banks and Universal Banks. In fact, there is not much requirement for further banks. It is only to weaken the State Bank and PSU  Banks which are functioning effectively and to allow big corporates to start their own banks for
manipulation.
The intriguing or rather objectionable part is that, the Post Office which is already doing banking has been denied banking licence.
The Govt. should ensure that India Post is ensured of Banking Licence.