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The Times of India
The Times of India
Business
Surojit Gupta | TNN

Introduce restricted digital business bank and consumer bank licence: Niti Aayog report

NITI Aayog RBI India New Delhi

NEW DELHI: The government’s policy think tank Niti Aayog has backed the idea of introducing a restricted digital business bank licence and a restricted digital consumer bank licence, a step aimed at deepening financial inclusion using technology.

“The report makes a case, and offers a template and roadmap for a digital bank licensing and regulatory framework in India,” according to the report Digital Banks: A proposal for licensing and regulatory regime for India.

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