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SBI Union, Others Urge Reserve Bank To Scrap Digital Payments Plan-Letter

The NUE will be allowed to operate new payment systems including digital and ATM transactions.
The NUE will be allowed to operate new payment systems including digital and ATM transactions.
A union representing the country's largest state-run bank and a global alliance have asked the central bank to bar large companies from setting up payment networks, saying in a letter seen by Reuters on Tuesday that privatisation could compromise data safety.
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