Central Banking

RBI’s Padmanabhan flags issues with pricing of payment products


G Padmanabhan, an executive director at the Reserve Bank of India (RBI), said on January 9 the central bank's decision to require service charges for paper and electronic products markets was necessary to ensure the fair pricing of products.

At the launch of Mobile Banking services by Tamilnad Mercantile Bank in Chennai, India, Padmanabhan said: "One of the dilemmas a central bank like the RBI faces is whether it should play an active role in pricing of payment products. The banks may argue

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