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Operating Guidelines for Payment Banks issued by RBI

Operating Guidelines for Payments Banks have been issued by RBI on 6th October 2016. Gist of operating guidelines is given below: Bank deposits – PBs can accept only savings and current deposits. The aggregate limit per customer shall not exceed ₹100,000. PBs will not be permitted to lend to any person Read more…

By BankersClub, 6 yearsOctober 7, 2016 ago
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