Question
Which of the following statement is not correct about
Payments Bank?Solution
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.
Identify a type of season that is NOT a part of the four seasons of India.
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The induced current is the highest when the direction of motion of the coil is:
Which bank has submitted an application to the Monetary Authority of Singapore for a banking license?
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