RBI’s Thorat: formalise payments to promote inclusive growth
An important task in efforts towards achieving inclusive growth is to bring a significant portion of the payment transactions across the length and breadth of the country into formal channels, Usha Thorat, a deputy governor at the Reserve Bank of India, said on Wednesday.
"Technology adoption by the financial sector offers a unique opportunity in achieving the objective of bringing payments into formal channels," Thorat said. "The National Payments Corporation of India is currently engaged in a
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