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Statement 1 is correct. Neo banks are digital-only banks that operate exclusively through mobile apps or websites. They do not have physical branches. Statement 2 is also correct. Neo banks in India are regulated by the Reserve Bank of India (RBI) and must comply with the same rules and regulations as traditional banks. Statement 3 is also correct. Neo banks provide services similar to traditional banks such as deposits, loans, and credit cards. However, they often offer these services with greater flexibility, lower fees, and more personalized customer experiences.
Which of the following power does not lie with the Parliament as per Art.3 of the Constitution?
The maxim ‘actus non facit rea nisi mens sit rea’ means:
What does the term "product" include according to the definition provided "under the Consumer Protection Act" ?
What is the validity period of a Shelf Prospectus as per the Companies Act?
What is the time period by which the Adjudicating Authority may by order extend the duration of corporate insolvency resolution process beyond one hundr...
A person shall be deemed to be dead if he remained unheard for ………….. years
When an immovable property has been sold in execution of a decree and sale has become absolute, property shall be deemed to have vested in the purchaser...
Which of the following is included in the definition of "consumer rights"?
Negotiable Instrument according to Section 13 of the Negotiable Instrument Act, 1881 do not include__________.
Who grants certificate of commencement of business to a depository?