Question

Which of the following is true about Neo banking in India?   Statement 1: Neo banks are digital-only banks that operate exclusively through mobile apps or websites. Statement 2: Neo banks in India are regulated by the Reserve Bank of India (RB

  • I . Statement 3: Neo banks provide services similar to traditional banks such as deposits, loans, and credit cards.
A Statement 1 and 2 are true
B Statement 2 and 3 are true
C Statement 1 and 3 are true
D All of the above statements are true
E Only statement 2 is true
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