Economics · Types of Banking Institutions and Regulation
Consider the following pairs of Indian financial institutions and their specific operational mandates or characteristics: 1. Asset Finance Company (AFC) : Financing for physical assets such as machinery and tractors 2. Payments Bank : Authority to extend loans and issue credit cards to customers 3. Small Finance Bank : Mandatory 75% of net credit for Priority Sector Lending (PSL) How many of the above pairs is/are correctly matched?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1None
- 2Two only✓
- 3All three
- 4One only
Correct answer
Two only
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