Which of the following Committee recommended to form a new category of Bank Called Payment Banks?

Related MCQs

• Regional rural bank means a regional rural bank established under section 3 of the Regional Rural Banks Act, __________.
• Reserve Bank means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, _________.
• A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes
• The payment should be made when the cheques are presented for payment within a reasonable time after being drawn and during banking hours.
• Which of the following is/are false about Dishonour of Cheque? A) Section 138 defines Dishonour of cheque for insufficiency, etc., of funds in the account. B) Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier C) Imprisonment for such offence may be extended for period of five year D) Section 138 apply unless – the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
• How many Payment banks were approved by RBI in 2015?
• How many branches of Payment banks must be in the unbanked rural area?
• Which is India's first Payment bank?
• Which bank have given the instructions to the commercial banks regarding the immediate credit of outstation cheques?
• The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934.