Discussion
Which committee mooted the idea of payments banks?
Answer: B
Correct answer: Nachiket Mor Committee
The Committee on Comprehensive Financial Services for Small Businesses and Low Income Households, chaired by Nachiket Mor and reporting in 2014, proposed the payments bank as a differentiated licence to extend payments and small savings to the unbanked. Nachiket Mor also chaired the external advisory committee that later assessed the licence applications.
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