Bank Exams Exam  >  Bank Exams Notes  >  SBI PO Prelims & Mains Preparation  >  Payment Banks Headquarters & Taglines

Payment Banks Headquarters & Taglines | SBI PO Prelims & Mains Preparation - Bank Exams PDF Download

Introduction

Payments Banks are banks that are set up with an objective to provide small savings accounts and payments or remittance services to low-income households, small businesses, other unorganized sector entities, and other users. These banks can able to operate current accounts and saving accounts. They can issue ATM or Debit cards, Net Banking, and Mobile Banking facilities but don’t have the rights to provide lending services such as credit cards and issue loan facilities.

Payment Banks Headquarters & Taglines | SBI PO Prelims & Mains Preparation - Bank Exams

Below is a list of Active payment banks Headquarters, Taglines, MD & CEO, and Chairman. 

Payment Banks Headquarters & Taglines | SBI PO Prelims & Mains Preparation - Bank Exams

  • India's First Payment bank, License was received on April 11, 2016.
  • As of now, 7 Payments Banks are live and Jiyo was the latest payment bank to commence its operation.
  • RBI gives license to 11 entities selected to launch Payment banks on 19 August 2015. They are 
    1. Aditya Birla Nuvo 
    2. Airtel M Commerce Services 
    3. Cholamandalam Distribution Services
    4. Department of Posts 
    5. FINO PayTech 
    6. National Securities Depository Limited (NSDL) 
    7. Reliance Industries 
    8. Sun Pharmaceuticals 
    9. Paytm 
    10. Tech Mahindra 
    11. Vodafone M-Pesa 

Out of these, Cholamandalam Distribution Services, Sun Pharmaceuticals, and Tech Mahindra have surrendered their licenses.

The document Payment Banks Headquarters & Taglines | SBI PO Prelims & Mains Preparation - Bank Exams is a part of the Bank Exams Course SBI PO Prelims & Mains Preparation.
All you need of Bank Exams at this link: Bank Exams
628 videos|824 docs|280 tests

Top Courses for Bank Exams

628 videos|824 docs|280 tests
Download as PDF
Explore Courses for Bank Exams exam

Top Courses for Bank Exams

Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

Important questions

,

Summary

,

Payment Banks Headquarters & Taglines | SBI PO Prelims & Mains Preparation - Bank Exams

,

study material

,

Semester Notes

,

Payment Banks Headquarters & Taglines | SBI PO Prelims & Mains Preparation - Bank Exams

,

Exam

,

pdf

,

Objective type Questions

,

mock tests for examination

,

Free

,

Sample Paper

,

shortcuts and tricks

,

ppt

,

video lectures

,

practice quizzes

,

MCQs

,

Previous Year Questions with Solutions

,

Viva Questions

,

Payment Banks Headquarters & Taglines | SBI PO Prelims & Mains Preparation - Bank Exams

,

past year papers

,

Extra Questions

;