An RBI report from January 2021 points to problems at the foreign bank’s India operations, adding uncertainty to a deal that is already complicated.
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Anything that an average user can achieve with the e-rupee, they can already do with UPI. But there is a different purpose altogether for the digital currency.
The increasing convergence of sales and service functions, with consequent non-stop pressure to meet targets, has seen employees jump ship in droves. This has the potential to adversely impact the financial institutions’ health.
The Indian government wants someone who toes its line in the RBI chair. The economy needs someone who can rise above being a yes-man.