Payments Banks

Topics Covered: Inclusive growth and issues arising from it. RBI guidelines for Payments banks’ SFB licence What to study? For Prelims: Small Finance Banks- management, functions and features. For Mains: Financial inclusion- need, challenges and efforts by the government.   Context: RBI has announced the final guidelines for on-tap licencing of private sector SFBs.   […]

    Lok Sabha TV- Insight: Payments Banks   In September 2013, the Reserve Bank of India constituted a Committee headed by Dr. Nachiket Mor to study comprehensive financial services for small businesses and low income households. The objective of the Committee was to propose measures for achieving financial inclusion and increase access to financial […]