Not being a huge fan of news channels, I was blissfully ignorant of the recently trending news of currency ban till my mother came in and related the same and what a stir it has created. Switching on the T.V, listening to the aims and approach of the government, it felt like a step has been taken in the correct direction. It felt like the time has finally come when a huge … [Read more...]
Payment Banks May Change The Entire Face Of Banking. Is This What We Were Missing Till Now?
[Majority of the Indian population don’t have a bank account. This is mainly because of the high minimum balance requirement and fines charged by private banks. Public banks on the other hand are inefficient and have low creditability (and high NPAs). To tackle this situation India needed the use of technology in banking services and payment bank through mobile phones (which … [Read more...]