<h3><a href="http://www.huffingtonpost.in/hari-hara-mishra/payment-banks-the-unprivi_b_8417762.html?utm_hp_ref=india" data-beacon='{"p":{"lnid":"hdln"}}'>What Payment Banks Must Do To Realise The Dream Of Financial Inclusion</a></h3>

The Reserve Bank of India has given in-principle approval to 11 entities to set up payment banks. The objectives of such banks are (a) to further financial inclusion by providing small savings accounts; and (b) to provide payment/remittance services to the migrant labour force, low-income households, small businesses and other organised sectors. The new players in banking have to display out-of-the-box thinking in the following areas to make a distinct mark.