Specialisation in Banking Payment Banks

Authors

  • P. Siva Rama Prasad Hyderabad

DOI:

https://doi.org/10.33516/maj.v50i11.87-89p

Abstract

The Reserve Bank of India's latest initiative of introducing ‘Payment Banks’ finds resonance with Economist Adam Smith’s Theory* of employing Division of Labour to exponentially increase productivity. The new Business Model adopted will create a revolutionary trend in the Indian Banking Industry and will accelerate Government’s Mission of improving Financial Literacy and achieving Total Financial Inclusion (TFI), both vital for a country’s Economic Development.

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Published

2015-11-01

How to Cite

Siva Rama Prasad, P. (2015). Specialisation in Banking Payment Banks. The Management Accountant Journal, 50(11), 87–89. https://doi.org/10.33516/maj.v50i11.87-89p