RBI Thiruvananthapuram RBI Thiruvananthapuram RBI Thiruvananthapuram is a branch office of the Reserve Bank of India with its jurisdiction covering the State of Kerala and the Union Territory of Lakshadweep. This regional office contains nearly all of the major Departments of Reserve Bank of India. The only exceptions are the departments of Foreign Exchange (FED) and Economic Policy & Research (DEPR), both of which are housed at the Bank's sub-office at Kochi. The office is headed by Nirmal Chand, Regional Director. RBI Thiruvananthapuram started operating on 2 January 1954, from a rented building with just one Department, viz. Department of Banking Operations
Banking in India limited to ₹1 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 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. There are six payments banks To further the objective of financial inclusion, the RBI granted approval in 2016 to ten entities to set up small finance banks. Since then, all ten have received the