Economics · Banking in India
In relation to payment banks in India, which of the following statements is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Payment banks can issue debit cards.
- 2Payment banks cannot accept time deposits.
- 3Payment banks can issue credit cards.✓
- 4Payment banks cannot issue loans.
Correct answer
Payment banks can issue credit cards.
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