Payments banks to knock on RBI’s door to seek permission for small-value deposits: Report
Payments banks (PBs) are expected to knock on the doors of Reserve Bank of India (RBI) to permit them to take small-value fixed as well as recurring deposits, since procuring low-cost savings bank (SB) deposits is proving tough amid rising interest rates on term deposits, reported Business Line. These lender banks are also likely to make a pitch …
