NITI Aayog’s Report on Digital Banks

On 20th July, 2022, NITI Aayog released a Report titled - 'Digital Banks: A Proposal for Licensing & Regulatory Regime for India'.

  • It suggested setting up Digital Banks and a licensing and regulatory framework for such Banks.

Major Findings

  • In recent years, India has made rapid strides in furthering financial inclusion, catalysed by the Pradhan Mantri Jan Dhan Yojana and India Stack.
  • Over the past few years financial inclusion has become a reality for Indians. This has only been furthered by the Unified Payments Interface (UPI), which has witnessed extraordinary adoption.
  • A ‘whole-of-India approach’ towards financial inclusion has also resulted in Direct Benefit ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Current Affairs