Question
Which of the following type of banks are not allowed to give loans?
Solution
Payment Bank licences are granted by RBI to make basic banking facilities available to unbanked/Under-banked section of the population. Payment banks can accept deposits of upto Rs 1 lakh and can do remittance. They are not allowed to give any kind of loans.
More Economy and Banking and Finance Static Concepts Questions
- Which of the Following is the Housing Development Bank of India?
- Terminals which allow & deposits, withdrawals etc are called
- Saikhom Mirabai Chanu is associated with which sport?
- Nationalisation of 14 banks happened in the year:
- A Scheduled Bank is included in the
- Which of the following Bank was not nationalized in the First Phase of Nationalization of Banks?
- Which of the following are not the Money market instruments?
- What is the full form of NPCI?
- Fiscal Deficit occurs when
- What is Notice Money?
Relevant for Exams:
