In a bid to overcome the financial challenges the country is faced with, government think tank Niti Aayog has proposed setting up full-stack digital banks which will offer services through the internet and other proximate channels, and not physical branches.
Releasing a discussion paper called ‘Digital Banks: A Proposal for Licensing & Regulatory Regime for India,’ Niti Aayog offers a template and roadmap to make digital banks a reality.
Here are the highlights:
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(Edited by : Shoma Bhattacharjee)
First Published: IST