The government doesn't want public sector banks, which SBI and Bank of Baroda are, to compete against RuPay and UPI that are run by the National Payments Corporation of India (NPCI).
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Govt flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCI
Govt flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCI
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