Payments bank

payments bank ppt

1. 1 Presented BY – BATCH-23 Name- 1.Baisakhi Chowdhury 2.Supravat Pramanik 3.Gems Simoon Kisku

2. Topic Outline Introduction -What is a Payment Bank ? -Structure -Features Birth Of Concept - The N ochiketa Mor committee -Financial Inclusion Benefits Challeges Growth Impact On The Society Conclusion - 2

3. 3 On 19 th August 2015, The Reserve Bank of India gave “In-Principle” License to eleven entities to launch payment bank. These are : National Securities Depository Limited Reliance Industries Aditya Birla Nuvo Airtel M commerce Department of Post Fino Paytech Tech Mahindra Vodafone M - Pesa Cholamandalam distribution Services Paytm Sunpharma In Recent News

4. What is Payment Bank? These are new stripped down type of banks , which are expected to reach customers mainly through their mobile phones rather than traditional bank branches. They are allowed to undertake only certain restricted banking functions that the Banking Regulation Act of 1949 allows. 4

5. Structure Of Payments Bank 5

6. Features Of Payments Bank 6 Who Can Promote? How do they earn? Prepaid card issuers, Telecom Companies, NBFC’s, Business correspondents, Supermarket Chains, Corporates, Realty sector co-ops & PSUs RBI allows these bank to invest 75% in govt. Secuirity 25% in other Bank Charged 1 or 2% on normal cash transfer No risk for losses on NPAs Play on Volume by attach million of customer

7. Features Of Payments Bank 7 1 Lakh deposit in one acc Offer Internet B anking Sell Mutual F und, I nsurencre , Pension Offer Bill P ayment services for customer Have business Correspondents Offer credit card Extend Loan Handle cross Border Remittance Accept NRI deposit Do’s Dont’s

8. Birth of the Concept 8

9. Benefits They offer 9

10. Growth SBI will take off in 30% of RIL Proposed Bank Bharti A irtel India s largest telecom operator plan to give 19.9% to K otak M ahindra B ank Aditya Birla NUVO ltd has tied up with Idea Cellular with 49% stake 10

11. Impact On the Society 11 “Payments Bank will change the way people think, Change the way they keep the money, where they keep their money, the way they pay”

12. Conclusion These bank targeted those masses who cannot afford to visit branch for carrying out transactions by providing them basic banking facilities through mobile platform They will leverage the huge volume of transactions for gaining profit They will face challenges like any other venture but if successful , the payment bank promise to change the banking scenario in India and will allow the govt. to achieve its goal of financial inclusion. They will also offer competi ti on to the existing bank and more competi ti on is good for the economy as whole. 12

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