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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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