Payment banks: Rules & regulations - General Economics & Indian Economy

Q.  Which of the following statements is/are correct about payment banks?

1.  The minimum capital requirement is Rs 100 crore.
2.  Foreign share holding will not be allowed in these banks.
- Published on 01 Aug 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India.

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