Nod for pay­ments banks is sig­nif­i­cant move: Jait­ley

The Pak Banker - - COMPANIES/BOSS -

Mum­bai: Terming the RBI's move to grant pay­ment banks li­cences to 11 ap­pli­cants as 'sig­nif­i­cant' and 'im­por­tant', Fi­nance Min­is­ter Arun Jait­ley said this would not only en­sure that money was brought into the bank­ing sys­tem, but also en­able banks to reach out to more peo­ple in ru­ral ar­eas.

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