MoS finance says several steps have been taken to facilitate digital banking, including PSB EASE reforms agenda; government’s Jeevan Pramaan initiative for pensioners; contactless digital banking; and online bill discounting for MSMEs.
The government on Tuesday said nearly 72 per cent of financial transactions of public sector banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crores in 2019-20 to 7.6 crore in 2020-21.
The Reserve Bank of India (RBI) has informed that it is not considering a separate licensing category for digital banks at present, Minister of State for Finance Bhagwat K Karad said in a written reply to the Rajya Sabha.
