The Nachiket More Committee report (published in 2014) provided the foundational recommendations that led to the Reserve Bank of India (RBI) issuing guidelines for licensing Payment Banks and Small Finance Banks.
RBI has cleared the resolution to start Payment Banks in India for improving Financial inclusion. Following committee had recommended the creation of Payment Banks.
Asked in UPPSC Upper Mains 2014 · Topic: Money & Banking (Financial Inclusion: Strategies, Schemes (e.g., PMJDY), and Digitalization)
More Economic Development questions
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