The necessity of digital banking versus new bank licenses
Can digital banks effectively expand financial inclusion, or will they merely increase competition within an already crowded market?
The Business Standard4 October 2026, 1:45 PM0 readsAMP
The primary concern regarding digital banks is their ability to integrate more individuals and businesses into the formal financial system while offering credit with greater efficiency and reduced costs. Without achieving these objectives, the issuance of five new licenses will likely result in nothing more than additional banks vying for the same market share.
