Moneycontrol PRO

business

UPI and payment banks aren't comparable: SBI's Rajnish Kumar

Speaking to CNBC-TV18 Rajnish Kumar, MD, SBI said that through this arrangement it is expecting a last mile connectivity. “Their (Rel Jio) distribution network is huge,” he said, adding that there are certain limitations of a payment bank.

first published: Oct 6, 2016 05:38 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347