RBI deputy governor highlights threat to inflows from mobile banking

K C Chakrabarty, deputy governor of the Bank of India, highlighted the challenges posed by mobile phone banking in a speech delivered on March 29.

Regulating cross-border mobile phone banking transactions is a country-specific issue, and nations such as India must be aware of the threat to the quality of its capital inflows, he said.

Speaking to the International Banking Summit on Regulation of Cross-Border Mobile Payments and Regional Financial Integration in Mumbai, Chakrabarty acknowledged

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