According to extant RBI guidelines, Payment Bank are not permitted to

A)
set up branches or ATMs
B)
accept remitances to be sent to multiple banks
C)
distribute mutual fund/ insurance/ pension products
D)
set up subsidiaries to under take NBFC activities

Correct Answer : Option (D) - set up subsidiaries to under take NBFC activities


Published On : May 19, 2021
Category : Business and Economics