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Discussion

The Voting Rights in Payment Banks will be regulated by ___ ?

  • A.Banking Regulation Act, 1949
  • B.Companies Act, 2013
  • C.RBI Act, 1934
  • D.Negotiable Instruments Act, 1881

Answer: A

Banking Regulation Act, 1949. The voting rights will be regulated by the Banking Regulation Act, 1949.. 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.

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