Question
The payments banks in India are required to invest
____________ of funds in the government securities.Solution
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.
As per the LLP Act where the Tribunal makes an order under section 60 sanctioning a compromise or an arrangement in respect of a limited liability partn...
How many persons, among the Central Vigilance Commissioner and Vigilance Commissioners, can belong to a specific category according to Section 3 of the ...
Under which labour code is the concept of a "gig worker" and "platform worker" formally recognized?
Whether following document are public documents?
Judicial Review function of the Supreme Court means the power to _________________
The bye-laws under section 9 of the SC(R)A Act provides that ______________
In the absence of a written agreement, which type of transfer is void under the Transfer of Property Act?Â
Character is relevant in-
A rescues B, a person in lawful custody, and in so doing causes grievous hurt to C, a constable in whose custody B was. A may be charged with?
Remedial liability under the concept of Jurisprudence is based on the principle of:
