• Dr. Rajiv Kumar Goel

Abstract : Payments Banks are introduced in India on the recommendations of the committee constituted by Reserve Bank of India in 2013, under the headship of Dr. Nachiket Mor. The main objective of introducing Payments Banks in India is to increase the access of primary financial services to the small businesses, lower income groups and people in the remote areas, and to those working in unorganised sector. These banks focus on innovative ways to increase the penetration level of financial services through m-banking enabling masses to gain access of basic financial services. This paper focuses on the conceptual and regulatory framework behind the introduction of payments banks, and their operational aspects. The financial statements of Payments Banks for the last two years are showing losses and the model is not looking profitable from bank’s perspective. The objective of this paper is to assess the financial performance of these banks on the basis of selected financial parameters, and to suggest some measures for the improvement in the financial performance in the future.

Keywords: Payments Banks, Financial Inclusion, RBI, M-banking, ROE, E-Wallets

"PAYMENTS BANKS – ARE THEY FINANCIALLY SUSTAINABLE?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.266-271, June-2019, Available :http://www.jetir.org/papers/JETIR1906965.pdf

"PAYMENTS BANKS – ARE THEY FINANCIALLY SUSTAINABLE?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp266-271, June-2019, Available at : http://www.jetir.org/papers/JETIR1906965.pdf