Payment banks: Rules & regulations - General Economics & Indian Economy
Q. Which of the following statements is/are correct about payment banks?
1. The minimum capital requirement is Rs 100 crore.
2. Foreign share holding will not be allowed in these banks.- Published on 01 Aug 15
a. Only 1
b. Only 2
ANSWER: Only 1
Foreign share holding will be allowed in these banks as per the rules for FDI in private banks in India.