Question

What is the main benefit for NSDL Payments Bank being

Q: Answer-What is the main benefit for NSDL Payments Bank being added to the Second Schedule of the RBI Act?

Being listed in the Second Schedule allows NSDL Payments Bank to access RBI facilities and gain regulatory benefits that scheduled commercial banks enjoy.

added to the Second Schedule of the RBI Act?

A It can now merge with private banks

B It gains scheduled bank status with RBI access and regulatory benefits

C It is exempted from all capital adequacy norms

D It can now issue its own currency

E It becomes a foreign bank under Indian law

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What is the main benefit for NSDL Payments Bank being

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