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The payments banks in India were established in order to achieve financial inclusion and these banks can only accept deposits. They cannot undertake lending activities. The RBI has given the approval to open such banks as per Section 22(1) of the Banking Regulation Act 1949. Payment banks have been set up as per the recommendations of the Nachiket Mor committee and they can only accept deposits upto Rs 1 lakh per individual. These banks have to invest at least 75% of its funds in the government securities.
First ever Open WTA 250 international women's tennis championship will be hosted by which of the following cities?
Which bank introduced its groundbreaking mobile banking app IRIS, marking a significant advancement in India's digital banking landscape?
How many types of taxes were in the reign of the ruler Alauddin Khalji?
Arrange the following rivers as they occur in the North-South direction in India.
Beas, Indus, Chenab, Satluj, Ravi
Consider the following information:
Which one of the f...
Forest Research Institute of India is located at _________.
Which of the Indian enterpreneur has topped the 'IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022'?
Who is the first Indian woman to win an Olympic medal?
Gujarat alang is famous for ……………………….
Which organisation, in collaboration with the Central Board of Secondary Education (CBSE), and the Ministry of Education, announced the launch of the �...