Q966
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
AnswerAnswer: Option D
Solution
Answer: Option D
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