Can I read Overview of Payment Banks in India on EtoBox?

Overview of Payment Banks in India by zr751529 is a document available to read on EtoBox.

What is Overview of Payment Banks in India about?

Payment Banks in India, introduced by the Reserve Bank of India, aim to provide basic banking services to underserved populations such as small businesses and low-income households. They cannot issue credit cards and are limited to accepting demand deposits while offering services like savings accounts and remittances. The first Payment Bank, Airtel Payment Bank, was established in 2017, and several others have since followed, contributing to financial inclusion in the country.

Author

zr751529

Language

EN