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Video: What is payments bank and how is it different from other banks

Video: What is payments bank and how is it different from other banks

BusinessToday.In
BusinessToday.In
  • ,
  • Apr 9, 2018,
  • Updated Apr 9, 2018, 8:32 PM IST

A payments bank is a new category of banks conceptualized by the Reserve Bank of India. Its main goal is to promote financial inclusion and increased access to financial services. It can't offer loans or credit cards. Watch BusinessToday.In's video to know what is a payments bank and how is it different from other categories of banks.

 

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