There are a lot of such frauds operating in the banking system which we are not aware of and this will give rise to cryptocurrency.
More banking fraud = more people moving towards cryptocurrency
Similar action taken by State bank of india , from last 2 months they start charging money if your account below minimum level even for poor people also. SBI recently merged with 5 banks and customer have maximum accounts in sbi but they charge 50 rs every month. think there are more than 50 million accounts with below minimum level and 50 lakh*50= ******* They are earning huge. I closed my account at SBi currently becoz i am not using that one.
Government not doing anything If fraud of 11600 crore happens where the bank staff sleeping. Thats why they suspend 10 members of PNB