Payments banks and financial inclusion

.............Now, the question arises whether payments banks would have relevance once the existing banks implement Jan Dhan Yojana. The existing banks may argue that there may not be any need for payments banks. However, the arguments in favour of payments banks are many. First, the service availability gap is so large that the niche banks for inclusion and payments services would supplement the efforts of existing banks. They would not necessarily be in competition. Besides,..............

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