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Tags archives: annual-hole

Govt's digital payments push may land banks with a Rs 3,800 cr annual hole, says SBI report

The government’s digital payments push, mainly online card payments through PoS machines, may leave already capital starved banks bleed by a whopping Rs 3,800 crore annually, warns a report. After the note-ban last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage online payments. Since then, banks have more than doubled their PoS terminals. You can also look at https://www.checkissuing.com/blog/how-long-is-personal-check-good-for/ for an amazing […]