A Payments Bank is licensed under which Act?
Answer: B
It will be registered as a public limited company under the Companies Act, 2013, and licensed under the Banking Regulation Act, 1949
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In Payment Banks, the stake of the promoters for the first fiver years should remain at least __ ?
Answer: B
No answer description available for this question
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Which organization was formed for managing retail payment in India?
Answer: B
National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India.
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The payment and settlement systems in India is regulated as per which act?
Answer: B
In India, the payment and settlement systems are regulated by the Payment and Settlement Systems Act, 2007 (PSS Act).
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Who among the following appointed as MD and CEO of Paytm Payment Bank ? ( October 2018 )
Answer: B
Satish Kumar Gupta. The Paytm Payments Bank is a separate entity in which founder Vijay Shekhar Sharma will hold 51% share, One97 Communications holds 39% and 10% will be held by a subsidiary of One97 and Sharma.
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A payments bank will be recognized as Systematically Importatant when the net worth of the bank reaches _____
Answer: B
When the payment bank reaches the net worth of Rs.500 crore, and therefore becomes systemically important, diversified ownership and listing will be mandatory within three years of reaching that net worth.
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Which of these acts as Central Counter Party (CCP) in the government securities?
Answer: C
The Clearing Corporation plays the crucial role of a Central Counter Party (CCP) in the government securities, USD –INR forex exchange (both spot and forward segments) and Collaterised Borrowing and Lending Obligation (CBLO) markets
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Which is India’s first Payment bank?
Answer: C
Bharti Airtel launched India’s first live payments bank named Airtel payment bank in March 2017. At present, there are 7 operational Payments Banks.
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Which of the following undertakes the Oversight function of the payment and settlement systems in India?
Answer: B
Reserve Bank of India undertakes the Oversight function of the payment and settlement systems in the country.
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Which of the following activities cannot be undertaken by a Payments Bank?
Answer: C
Payments Bank cannot form subsidiaries to undertake non-banking activities. Payment Banks are not be permitted to lend to any person including their directors.
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