The niche banks - small finance and payments banks -have been set up to further the regulator's objective of deepening financial inclusion.
Criterion for corporates will effectively rule out entry for business houses.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Payment banks may not be viable option to attain financial inclusion.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
Indian Ambassador to the United States Dr S Jaishankar told Rediff.com's Aziz Haniffa that it was "a very nice meeting and President Barack Obama was extremely cordial."
'If Indian armed forces entered Pakistan and succeeded in inflicting major damage on the Pakistani army and occupied territory in the Pakistani heartland, there is reason to think the Pakistani military would use some nuclear weapons against the incoming Indian forces to compel India to stop.'
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