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Payments banks to strengthen financial ecosystem: Kochhar

Last Updated: Thursday, August 20, 2015, 16:10

With RBI announcing 11 licences for payments banks, top private sector lender ICICI Bank on Thursday said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.

Payments banks pose risk to public lenders market share: Fitch

Last Updated: Thursday, August 20, 2015, 12:23

The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday.