Question
Which of the following statement is not correct about
Payments Bank?Solution
Payments bank is a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹2 lakh per customer. These banks may not issue loans or credit cards, but may offer both current and savings accounts. Payments banks may issue ATM and debit cards, and offer net-banking and mobile-banking. The draft guidelines for licensing of payments banks in the private sector were formulated and released for public comments on 17 July 2014. The banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949, and will be registered as public limited company under the Companies Act, 2013.
________________ has acquired a 4.93 per cent equity share in Indian Gas Exchange Limited.
Who won silver in men’s category in the BWF World Championships 2021 in Huelva, Spain?
Which organization has partnered with IIT Delhi to develop THz communication front ends for the Bharat 6G initiative?
In which year will the first Children’s Booker Prize be awarded?
The government has set an ambitious goal of achieving _________ of renewable energy capacity by the end of 2022.
Which scheme is designed for non-resident Indians (NRIs) to simplify their account opening process with the State Bank of India (SBI)?
Consider the following statements:
I. Recently Bangladesh has completed the construction of the Padma Multipurpose Bridge.
II. It is the ...
The Children's Right to Free and Compulsory Education Act came into effect from 1 April 2010, which received Presidential assent and was notified as law...
In which location was Jammu & Kashmir’s first Gen Z Post Office inaugurated?
Who was awarded the Indian of the Year 2025 in the Business category for contributions to India's defence manufacturing?
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