To improve Indian Financial Inclusion RBI introduce the concept of payment banks and small banks. In this RBI received 72 small bank applications and 41 payment bank applications.After scrutinization of the applications RBI gives the permission to 11 companies for payment banks and 41 companies for small banks payment banks Main object to introduce payment banks is to improve the financial inclusion of low income house hold because of this one they will get saving accounts and remittance payment banks can get the deposits but it doesn’t have the right to give the loans at the same time saving account limit is up to 1 lakh 11 payment banks are 1)NSDL 2)Reliance industries 3)Aditya birla 4)Airtel 5)Deportment of Post 6)Finopaytech 7)Tech mahindra 8)Vodafone M pesa 9)cholamandalam 10)paytm 11)Sun Pharma Small Banks Main object to introduce small banks is to improve financial strength to low income house holds it gives saving account facility and limited loans 10 smal...