With reference to Small Banks and Payment Banks, consider the following statements:
I. While both can accept deposits Payment Banks cannot issue debit cards.
II. While both are required to maintain CRR, Small Banks are also required to maintain SLR and PSL requirements.
III. Both have the same initial minimum capital requirement of Rs. 100 crs.
Which of the statements given above is/are correct?
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Money, banking and financial markets in India has come up 106 times in 6 exams since 2010.
This question is on Commercial banking, reforms and non-performing assets, part of Money, banking and financial markets in India in Indian Economy.
The structure of Indian banking and the reforms that reshaped it.
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Question from the JNU SSS 2019 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.