The sponsoring banks are expected to lay down processes, procedures and practices for the BCs but there still exists a risk that some agents may end up pursuing activities or adopting processes which are inconsistent with the overall strategic goals of the bank concerned.
Further, banks and their BCs also exposed to huge risk of cash management, particularly as cash dependence of the economy continues to be very high. There is also huge requirement of hand-holding and training of the BCs to enhance the trust level of the end customers. In this context, the current thinking of having lean, brick and mortar outfits of the banks (e.g.