Payments bank is a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹2 lakh per customer. These banks may not issue loans or credit cards, but may offer both current and savings accounts. Payments banks may issue ATM and debit cards, and offer net-banking and mobile-banking. The draft guidelines for licensing of payments banks in the private sector were formulated and released for public comments on 17 July 2014. The banks will be licensed as payments banks under Section 22 of the Banking Regulation Act, 1949, and will be registered as public limited company under the Companies Act, 2013.
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A mixture containing milk and water in the ratio of 43:55. If 36 litres of water are taken out from the mixture, then the quantity of milk and water bec...
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Three types of wheats costing Rs. 60/kg, Rs. 80/kg and Rs. 100/kg are mixed in the ratio of 3:2:1 respectively. Find the average cost of wheat per kg. A...
A vessel contains 120 litres of mixture (milk + water) in which milk and water are in the ratio 3:7, respectively. If 40 litres of this mixture is taken...
In a 600 ml mixture of alcohol and water, the ratio of alcohol to water is 3:2. If 200 ml of the mixture is removed and replaced with 50 ml of water, wh...
