..........‘’India Post can best carry out operations as a payment bank and it needs to project itself as sush now as the RBI has opened up the banking licences and made it available on tap” AP Hota, CEO and MD of National Payments Corporation of India told The Pioneer. NPCI is the nodal agency set up by RBI to provide and monitor retial payments through various gateways in India as well as overseas. Payment banks can only do rudimentary functions of a commercial bank as they cannot do credit or lending or other financial services that a normal commerical bank would do.”The Government is considering this matter as consultation is going on,” added Hota............
Read - The Pioneer
No comments:
Post a Comment