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The eligible promoters of Payment Banks are the existing non-bank Pre-paid Payment Instrument (PPI) issuers; and other entities such as individuals/professionals; Non-Banking Finance Companies (NBFCs), corporate Business Correspondents (BCs), mobile telephone companies, supermarket chains, companies, real sector cooperatives; that are owned and controlled by residents; and public sector entities may apply to set up payments banks. Some prominent examples of Payment Banks include Airtel Payments Bank, Paytm Payments Bank etc. Payment Banks can only issue ATM/ debit cards and they are not allowed to issue credit cards. Payment Banks can not undertake lending activities. This means they cannot deploy their funds in loans.
_______________ has signed United Nations supported Principles for Responsible Investment (UNPRI) demonstrating its commitment towards Environment, Soci...
GST collection grew 13 percent in March to ______— the second-highest mop-up since the rollout of the indirect tax regime.
Recently SEBI imposed a penalty of Rs 1 crore on which of the followings company for misutilization of client securities.?
Under the Nasha Mukt Bharat Abhiyaan, what is the specific focus area mentioned in the MoU between the Department of Social Justice and Empowerment and ...
What is the main objective of celebrating Statistics Day on June 29 in India?
Which of the following organization gets DSCI AISS Award for ‘Best Security Practices in Government Sector’?
Consider the following statement about “Indira Gandhi Prize for Peaceâ€.
1. It is awarded to individuals only
2. Recently, it was j...
Which of the following projects was not inaugurated during PM Modi’s visit to Mauritius?
In a move to deepen the bond market, the Securities and Exchange Board of India (SEBI) has introduced sops for large corporates (LCs), which have raised...
How much did the Centre earmark for Phase III of the PMGSY (Pradhan Mantri Gram Sadak Yojana)?