‘Pay­ments Bank to Spur In­no­va­tion’

The Economic Times - - Front Page -

The Re­serve Bank of In­dia is tak­ing a bet on pay­ments banks so that these new en­ti­ties can push the ex­ist­ing banking sys­tem to be in­no­va­tive, Gover­nor Raghu­ram Ra­jan said on Mon­day.

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