question_answer

Payments banks are a new model of banks conceptualized by the Reserve Bank of India (RBI). These banks can accept a restricted deposit which is currently limited to INR 1 lakh per customer account. How much amount minimum capital has requirement for Payments banks?           (SBI 2016)

A)  Rs. 1 crore                   

B)  Rs. 50 crore

C)  Rs. 1000 crore              

D)  Rs. 500 crore

E)  Rs. 100 crore