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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 legendary sportsperson’s birthday is celebrated as National Sports Day in India every August 29th?
What does the second R denote in the “RAFTAAR” scheme of the government of India?
In which Indian state is the Amaravati Stupa, a significant archaeological site, located?
The Ambubachi Fair is associated with which state?
The Garo Hills are located in which Indian state?
Identify the founder of the Bahamani Sultanate from the options below:
Alarippu, Jatiswaram, Shabdam, Varnam -terms associated with which of the following dance forms ?
Which among the following country will hold referendum in May to decide on easing ban on abortion?
Name the commodity exchange which recently launched India's first agri-commodity options in gaur seed
The first successful satellite launch by India (Aryabhata) was in which year?
