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The eligible promoters of Payment Banks are the existing non-bank Pre-paid Payment Instrument (PPI) issuers; and other entities such as individuals/professionals; Non-Banking Finance Companies (NBFCs), corporate Business Correspondents (BCs), mobile telephone companies, supermarket chains, companies, real sector cooperatives; that are owned and controlled by residents; and public sector entities may apply to set up payments banks. Some prominent examples of Payment Banks include Airtel Payments Bank, Paytm Payments Bank etc. Payment Banks can only issue ATM/ debit cards and they are not allowed to issue credit cards. Payment Banks can not undertake lending activities. This means they cannot deploy their funds in loans.
In the case of a Government company the Comptroller and Auditor-General of India shall, appoint an auditor within a period of _____________ from the com...
Which of the following is not true about Transfer of property defined as per s. 5 of the Transfer of Property act:
As per the provisions of the Negotiable Instrument Act if the indorser signs his name and adds a direction to pay the amount mentioned in the instrument...
Any physical procedure, involving the intentional exposure of food to ionizing radiations is called
Which is correct statement with respect to Liquidation Estate?
According to the Code on Social Security, 2020 how are establishments covered under this Code required to be registered?
If a person registered as a stock broker fails to deliver any security, he is liable to a penalty of
Extent of Liability to maintain is determined by a magistrate u/s 125 of crpc depending upon:
What is the imprisonment for resisting execution of decree under Section 74 of Code of Civil Procedure?
The term negotiable instrument is defined in the Negotiable Instruments Act 1881, under