Banking Security Force!

On the one hand we have unemployment more so in the rural sector. On the other hand the banks both public sector ones and the private sector banks are woefully undersecured! Security of the bank comprises of 2 parts.

1. Security of bank's assets and manpower
2. Security of its customers when they come to do transactions at the bank/ ATM

We frequently read about “attention diversion” gangs stealing large amounts of cash from customers after they have withdrawn it from the bank. It generally happens in front of the bank only! And we also frequently hear about daring bank robberies during banking hours by armed robbers as well as frauds by the staff both for themselves as well as in collusion with customers

So considering these two factors together why not create a specialized Banking Security Force to safeguard the banks and its customers. It can recruit young able bodied men mainly from rural sector and train them in the security aspects specific to banks. Each branch of the bank may be given 1 SI and few guards in varying strength depending on the size, location and vulnerability of the branch. Each branch should definitely have 1 securityman in plain clothes during banking hours to keep a watch/catch the criminals red handed both in and outside branch.

Banks in India are also paying large amounts by employing private security agencies to safeguard their ATMs too! And the BSF persons can be allotted to the ATMs too. Private sector banks also can employ these specially trained persons on payment basis to the BSF.

A special cell in the BSF also can be created to take care of Forensics of frauds / embezzlements in the banks by employees as well as customers who dupe banks by forged documents.

I have a strong conviction that creation of a specialized Banking Security Force will definitely reduce the crimes in the banking sector as well as provide meaningful employment to thousands of youth.

If Govt of India can't create BSF then I feel it would be a good business idea for ambitious entrepreneur!

btw...I have actually written the above idea in SBI PO selection main exam in 1983/4!!