Consider the following statements regarding payments bank. I. They can issue ATM/debit cards. II. FDI of 74% is allowed in payment banks. III. In August 2011, RBI gave nod to 11 entities to start Payment Bank. Which of the above statements is/are correct?

Consider the following statements regarding payments bank. I. They can

1.	Consider the following statements regarding payments bank. I. They can issue ATM/debit cards. II. FDI of 74% is allowed in payment banks. III. In August 2011, RBI gave nod to 11 entities to start Payment Bank. Which of the above statements is/are correct?
A.	Only III
B.	I and II
C.	II and III
D.	All of these
E.	None of these
Answer» E. None of these

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Consider the following statements regarding payments bank. I. They can issue ATM/debit cards. II. FDI of 74% is allowed in payment banks. III. In August 2011, RBI gave nod to 11 entities to start Payment Bank. Which of the above statements is/are correct?

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