Payments banks are often seen as crucial for promoting financial inclusion, especially in regions with limited access to traditional banking services. As payments banks play a vital role in the financial ecosystem, stricter regulations can help prevent systemic risks and protect the interests of depositors. Discuss.

9. Payments banks are often seen as crucial for promoting financial inclusion, especially in regions with limited access to traditional banking services. As payments banks play a vital role in the financial ecosystem, stricter regulations can help prevent systemic risks and protect the interests of depositors. Discuss.

Reference: Indian Express , Insights on India