The payments banks in India are required to invest ____________ of funds in the government securities.
The payments banks in India were established in order to achieve financial inclusion and these banks can only accept deposits. They cannot undertake lending activities. The RBI has given the approval to open such banks as per Section 22(1) of the Banking Regulation Act 1949. Payment banks have been set up as per the recommendations of the Nachiket Mor committee and they can only accept deposits upto Rs 1 lakh per individual. These banks have to invest at least 75% of its funds in the government securities.
Which of the following is a thermosetting plastic?
Who is the author of the novel “I Shall Not Hear the Nightingale”?
Which Indian institute's students launched the first electric formula racing car, named 'RF23', during an event on November 28, 2022?
Which of the following functions cannot be performed by NBFCs?
Which entity is the sole nationalized reinsurance company in the Indian insurance market?
In which Indian state is the Pench Tiger Reserve (PTR) located, recently designated as India's first Dark Sky park?
Who has been appointed as honorary adviser for BRICS CCI in July 2020?
As of November 2023, India set to launch its first X-Ray Polarimeter Satellite. Which organization will launch this satellite?
The origin of Indian music can be traced to which of the following Vedic Samhitas?
Which of the following is the skill development schemes accessible to the target groups - Backward Classes, Scheduled Castes and Safai Karamcharis? (st...