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Reputation: 642,713  •  Aug 24, 2023 2:26 AM
India's state-owned payments bank plans to double income in FY24 - MD Venkatramu
India's state-owned payments bank plans to double income in FY24 - MD Venkatramu
Presently, the Reserve Bank of India's regulations bar payments banks from using their own funds for lending, but do not restrict them from selling other banks' products. These banks are allowed to hold deposits of up to 200,000 rupees, in an account, but much of this has to be invested in government securities.
The Economic Times

https://economictimes.indiatimes.com/industry/banking/fin...
#HDFCBANK #AXISBANK #MAHABANK #BANKINDIA

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