All about payment banks

JAINENDRA JAIN , Last updated: 20 August 2015  
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With RBI announcement of 11 payment bank on 19.08.2015 here is what we should know about these banks: WHAT IS PAYMENT BANKS? Apayments bankis a type of non-full servicenichebankinIndia. A bank licensed as a payments bank can only receivedepositsand provideremittances. It cannot carry out lendi

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JAINENDRA JAIN
(ACS/CA)
Category Professional Resource   Report

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