Friday, June 17, 2022

RBI shoots down proposal on “digital only banks”

“We had received suggestions on digital bank, but we felt that the idea came with certain risks with it. So we have therefore, not accepted it at the moment,” Das said. “There is no proposal on neo-banks or digital banks because we feel that the existing banks and NBFCs can adopt more and more technology for delivery of banking services.”

from Banking/Finance-Industry-Economic Times https://ift.tt/QcCVjWp

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