[ad_1] This refers to your edit ‘India needs new banks’ (ET, March 4). Financial inclusion and financial literacy will be of paramount importance while implementing the UID project as well as reforms to protect the interests of the poor. The modern banking system has lost its personal touch. Even citizens of semi-urban areas shy away from using ATMs. NextGen banking may fail in rural areas. It is true that we need more banks and new ways of thinking, competition will drive away the disabled. ET in the same edition suggested…