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BRIEF-India cenbank announces limits on balances in customer accounts with payments banks
June 29, 2017 / 11:50 AM / 5 months ago

BRIEF-India cenbank announces limits on balances in customer accounts with payments banks

June 29 (Reuters) - Reserve Bank of India:

* RBI - limits on balances in customer accounts with payments banks – sweep out arrangements with other banks

* RBI - payment banks are permitted to act as business correspondents (BCS) of other banks Source text: (bit.ly/2sUsjpk)

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