Be Thrifty With Pay­ment Banks

The Economic Times - - The Edit Page -

Apro­pos ‘Eu­pho­ria Over, Pay­ment Banks Run Re­al­ity Check’ (Apr 26) by Shailesh Menon, the learn­ings from the lo­cal area banks and re­gional ru­ral banks should serve as a guide not to pro­lif­er­ate the fi­nan­cial sys­tem with small in­sti­tu­tions, whose vi­a­bil­ity may be in doubt. Both pub­lic and pri­vate banks are in­creas­ing their reach with tech­nol­ogy and of­fer­ing a wider range of prod­ucts. The RBI should re­view pay­ment banks af­ter 5-10 years be­fore is­su­ing more li­cences.

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