Current Affairs · Banking and Finance
Consider the following statements regarding the RBI's granting of Scheduled Bank status to payments banks: 1. NSDL Payments Bank Limited was included in the Second Schedule to the Reserve Bank of India Act, 1934. 2. Several payments banks in India, including Airtel Payments Bank and India Post Payments Bank, have attained Scheduled Bank status over time. 3. According to Section 42(6)(a) of the RBI Act 1934, to be eligible for inclusion in the Second Schedule, the minimum paid-up capital requirement for a bank historically started at Rs. 5 lakh. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2 only
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Correct answer
1, 2, and 3
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