RBI favours differentiated banks

Posted on Jan 7 2014 - 11:36pm by IBC News

Mumbai, Jan 7  A panel set up by the RBI has called for establishing differentiated lenders, including one for small businesses and low-income households.

The bank for small businesses, called the ‘payments banks’, will focus on providing primary services to the people, the panel on financial inclusion said in its report released today.

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