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    Question

    Recently Telangana Industrial Health Clinic Ltd

    (TIHCL), a State government initiative, has got RBI clearance to function as a
    A Commercial bank Correct Answer Incorrect Answer
    B Cooperative bank Correct Answer Incorrect Answer
    C Payment bank Correct Answer Incorrect Answer
    D Pre-paid Payment Instrument (PPI) Correct Answer Incorrect Answer
    E Non-Banking Financing Company Correct Answer Incorrect Answer

    Solution

    Telangana Industrial Health Clinic Ltd (TIHCL), a State government initiative, has got RBI clearance to register and function as a non-banking finance company (NBFC). It will be the first State promoted and co-financing NBFC.

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