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    Question

    What is the main benefit for NSDL Payments Bank being

    added to the Second Schedule of the RBI Act? 
    A It can now merge with private banks Correct Answer Incorrect Answer
    B It gains scheduled bank status with RBI access and regulatory benefits Correct Answer Incorrect Answer
    C It is exempted from all capital adequacy norms Correct Answer Incorrect Answer
    D It can now issue its own currency Correct Answer Incorrect Answer
    E It becomes a foreign bank under Indian law Correct Answer Incorrect Answer

    Solution

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

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