Discussion
Which among the following activities are not permitted to payments banks?
Answer: C
Correct answer: Issuing credit cards
A payments bank may take deposits, issue ATM and debit cards, and remit money, but it may not extend credit in any form - and a credit card is a lending product. This follows directly from the model: the bank invests its deposits in government securities and bank deposits rather than lending them, so it has no credit book and no means of funding one.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development