The key question is whether digital banks can bring more people and businesses into the formal financial system and provide credit more efficiently and at lower cost. Otherwise, the five new licences will simply create more banks competing for the same market
The key question is whether digital banks can bring more people and businesses into the formal financial system and provide credit more efficiently and at lower cost. Otherwise, the five new licences will simply create more banks competing for the same marketThis article was originally published by The Business Standard.
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