Which of the following facility cannot be provided by Payment Banks ?
Answer: C
Credit Cards. Payments banks cannot give loans or issue credit cards.
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Which among the following activities are not permitted to payments banks?
Answer: C
The payments banks cannot offer credit cards. The permitted activities are accepting demand deposits, issuing ATM cards, providing remittance services and issue pre-paid instruments.
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Jiyo Payment Bank is Joint Venture Between the Reliance Industries and State Bank of India with Stake of ___ ?
Answer: D
70 : 30. It is a joint Venture between the Reliance Industries and State Bank of India with the stake of 70:30. Srikrishnan H is MD and CEO of Jiyo Payment Bank.
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NPCI has been incorporated under ______ of Companies Act 2013.
Answer: A
NPCI has been incorporated as a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013)
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For first five years how much paid-up equity capital needs to be maintained by promoters in payments bank?
Answer: C
The promoter’s minimum initial contribution to the paid-up equity capital of payments bank shall at least be 40 per cent for the first five years from the commencement of its business
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Which among the following was the first entity to Receive Payment Bank Licence ?
Answer: B
Airtel Payment Bank. It is a joint venture between Bharti Airtel Ltd and Kotak Mahindra Bank Ltd. Kotak Bank holds 19.9 % stake in Airtel Payment Bank and Headquarters in New Delhi. Anubrata Biswas is MD and CEO of Airtel Payment Bank.
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What is the maximum amount of loan can be extended by payments banks?
Answer: D
Payments banks cannot lend. They cannot provide credit facilities.
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How many payments banks have actually started operations since RBI has granted the in-principle approval?
Answer: D
Six payments that have started operations are Aditya Birla Payments Bank, Airtel Payments Bank, India Post Payments Bank, Fino Payments Bank, Jio Payments Bank, Paytm Payments Bank
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The process of the CCIL subsuming all counterparty credit risk between the buyer and seller is known as?
Answer: D
CCIL plays the role of a central counterparty whereby, the contract between buyer and seller gets replaced by two new contracts – between CCIL and each of the two parties. This process is known as ‘Novation’. Through novation, the counterparty credit risk between the buyer and seller is eliminated with CCIL subsuming all counterparty and credit risks.
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What is the minimum capital required to set up payments bank?
Answer: A
The minimum capital required to start payments bank is Rs 100 crore.
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