Thursday, April 29, 2021

Banks need to adopt digitisation or else they will perish: Ex-finance Secretary SC Garg

He said once the limit of digital wallets increases and if the currency gets digitalised with a much more direct relationship between the currency issuer the Reserve Bank of India (RBI) and the people, the banks will formally get squeezed out of the payments space.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-need-to-adopt-digitisation-or-else-they-will-perish-ex-finance-secretary-sc-garg/articleshow/82313881.cms

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