Question

According to extant RBI guidelines, ‘Payment Banks’ are not permitted to—

A set up branches or ATMs Correct Answer Incorrect Answer
B accept remittances to be sent to multiple banks Correct Answer Incorrect Answer
C distribute mutual fund/insurance/pension products Correct Answer Incorrect Answer
D set up subsidiaries to undertake NBFC activities Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

According to extant RBI guidelines, Payment Banks are not permitted to set up subsidiaries to undertake NBFC activities.

Practice Next
×
×