“The transaction limits of Rs 5,000 and Rs 10,000 needs to be revised upwards. Banks point out that these limits do not permit transactions like airline ticket purchase... these issues are being examined by the RBI,” the apex bank’s Deputy Governor K C Chakrabarty said here on Saturday.
He said although in the last one year, 32 banks have been given approval to provide mobile banking facility, only 21 banks have begun making these services available.
Highlighting the other issues faced by banks providing mobile banking services like, lenders finding it difficult to enter into partnerships with individual mobile service providers for enabling such facilities.
Deccan Herald is on WhatsApp Channels| Join now for Breaking News & Editor's Picks