Summary of Developments around Payments Banks in India

The Reserve Bank of India (RBI), India’s central bank, is now propagating differentiated banking licenses, reflecting a new line of thinking. RBI had previously released guidelines for licensing and setting up of ‘Payments Banks’ in India. This has been done with the aim of reformatting India’s financial inclusion space. Payments Banks would help cover the unbanked and underbanked ar ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.