Question
Under the regulation of which act can scheduled
commercial bank take equity stake in a payments bank to the extent permitted?Solution
A promoter/promoter group can have a joint venture with an existing scheduled commercial bank to set up a payments bank. However, scheduled commercial bank can take equity stake in a payments bank to the extent permitted under Section 19 (2) of the Banking Regulation Act, 1949.
What is the theme of World Theatre Day 2025?
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