How many applicants had been granted in-principle approval by RBI to start payments banks?
Answer: A
The Reserve Bank of India decided to grant “in-principle” approval to the 11 applicants to set up payments banks in 2015.
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What is the minimum paid-up equity capital of the payments bank?
Answer: A
The minimum paid-up equity capital of the payment bank shall be Rs. 100 crore. The bank shall be required to maintain a minimum capital adequacy ratio of 15 per cent of its risk weighted assets (RWA)
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Which of these payment system can be defined as: Multiple Debit, Single Credit?
Answer: C
ECS Debit- Multiple Debit, Single Credit.; ECS Credit- Multiple Credit, Single Debit.
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Headquarter of India Post Payment Bank is ___ ?
Answer: A
New Delhi. It was Inaugurated on 1st September, 2018 with 650 branches and 3250 post offices as access points. Suresh Sethi is MD and CEO of India Post Payment Bank.
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What is the maximum amount of balance can be maintained an individual in payments bank?
Answer: B
Maximum deposit that can be maintained in payments bank is Rs 100000 per individual/business
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Which of the following Committee recommended to form a new category of Bank Called Payment Banks ?
Answer: C
Nachiket Mor Committee. In Sept 2013, RBI has formed a committee on Comprehensive Financial Services for Small Businesses and Low Income Households headed by Nachiket Mor. In January 2014, the Committee has submitted its report with recommendation to form a new category of Bank Called Payment Banks.
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Which of these accounts can be opened in a Payment Bank?
Answer: C
Both current account and savings accounts can be opened in a Payment Bank. The deposit limit is Rs 100000 at present.
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How many Payment banks were approved by RBI in 2015?
Answer: B
Total 41 applicants had applied for the license for Payment Bank. Out of 41 applications, 11 entities were granted license for Payment Banks.
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