Which of the following is not true about Payments Bank?
A.Payments bank can issue ATM/debit cards but not credit cards
B.Initial capital required for a Payments Bank is Rs 100 crore
C.Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI.
D.Payments Bank can give a loan of up to only Rs 1 lakh.
Answer:D
Which of the following is not true about Payments Bank?
A.Payments bank can issue ATM/debit cards but not credit cards B.Initial capital required for a Payments Bank is Rs 100 crore C.Payments Bank must maintain Cash Reserve Ration (CRR) as decided by RBI. D.Payments Bank can give a loan of up to only Rs 1 lakh.