According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to [RBI Grade B 2015]

distribute insurance/mutual fund/pension products

undertake utility bill payment services

undertake non-banking financial through subsidies

According to Reserve Bank of India (RBI) guidelines, payment banks are

1.	According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to [RBI Grade B 2015]
A.	setup branches/ATMs
B.	undertake utility bill payment services
C.	issue debit cards
D.	distribute insurance/mutual fund/pension products
E.	undertake non-banking financial through subsidies
Answer» D. distribute insurance/mutual fund/pension products

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According to Reserve Bank of India (RBI) guidelines, payment banks are not permitted to [RBI Grade B 2015]

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