Fintechs replacing banks a misconception: RBI Deputy Governor2 min read . Updated: 03 Dec 2022, 09:35 PM IST
- He said whenever the question of new technology adoption comes into the picture, the options before the bank include collaboration, absorption or internalisation.
Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar on Saturday said that the speculation around fintechs replacing banks is a ‘misconception’, though lenders need to be more diligent in adopting technological changes.
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