Question

Payment Banks have a restriction on lending. Which of the following correctly describes this restriction?

• A. Payment Banks can make loans only to government agencies.
• B. Payment Banks can lend only to rural customers.
• C. Payment Banks are not allowed to lend at all.
• D. Payment Banks can lend only small personal loans up to ₹25,000.

Answer 1

Answer:

C. Payment Banks are not allowed to lend at all.

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