Current Affairs · Banking Regulations
Consider the following statements regarding the Master Direction on the Regulation of Payment Aggregators (PAs) issued by the RBI in September 2025: 1. Non-bank PAs must maintain a minimum net worth of ₹15 crore at the time of application. 2. Cross-border Payment Aggregators (PA-CB) face a maximum transaction limit of ₹25 lakh per transaction for current account transactions. 3. Banks are completely barred from functioning as Payment Aggregators. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
- 31 and 2 only✓
- 41 only
Correct answer
1 and 2 only
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