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Statement 1 is correct. Neo banks are digital-only banks that operate exclusively through mobile apps or websites. They do not have physical branches. Statement 2 is also correct. Neo banks in India are regulated by the Reserve Bank of India (RBI) and must comply with the same rules and regulations as traditional banks. Statement 3 is also correct. Neo banks provide services similar to traditional banks such as deposits, loans, and credit cards. However, they often offer these services with greater flexibility, lower fees, and more personalized customer experiences.
Which of the following bank was merged with Bank of Baroda from April 1, 2019?
Which of the following Acts ended the monopoly of the East India Company over trade with India?
When did the Union Cabinet approved the setting up of National Recruitment Agency to conduct the Common Eligibility Test?
Read the following about Green Revolution.
A. The Green Revolution was an endeavour initiated by Norman Borlaug in the 1960s.
B. He is...
The government has extended the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), launched in 2015 to improve farm productivity by four years till ______...
IBFC full form
What is India's rank in the Environmental Performance Index (EPI)?
Who has been appointed as the Director-General of ILO (International Labour Organization)
Which institution organized the webinar titled 'Viksit Bharat: Corporate Governance for 2047' in March 2024?
Which bank has submitted an application to the Monetary Authority of Singapore for a banking license?