ISSN 2581-5369
HeinOnline, MANUPATRA, Google Scholar Indexed
Payment Banks and Its Role in Indian Banking Sector and its Impact Study on Traditional Banking in India
-
Pratiksha Sharma
Research Scholar at Department of Commerce and Management, Banasthali Vidyapith, Rajasthan, India
-
Dr. Nishtha Pareek
Assistant Professor at Department of Commerce and Management, Banasthali Vidyapith, Rajasthan, India
Abstract
Any contemporary economy's backbone is the banking industry. It is one of the most crucial financial pillars of the financial system, and it has a significant impact on an economy's success or failure. The paper focuses on the study which implies the impact of payment banks on the traditional banks. The data for the study is gathered from the secondary data like journals, websites. The paper talks about the services, benefits, activities and the challenges faced by the payment banks. It is found that in various ways payment banks have affected the working of the traditional banks. Whereas Payment Banks is a key value proposition and would be really a game change in Indian Banking System.
Type
Research Paper
Information
International Journal of Law Management and Humanities, Volume 6, Issue 1, Page 2605 - 2612
DOI: https://doij.org/10.10000/IJLMH.114683Creative Commons
This is an Open Access article, distributed under the terms of the Creative Commons Attribution -NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.
Copyright
Copyright © IJLMH 2021