Online Payment Bank License in India – Enterslice

Posted By : enterslice on 2021-08-06   12:03:52    India
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Description

Payment Bank License is a mandatory requirement to open a Payment Bank in India. Payment Banks are to be registered as public limited companies under the Companies Act, 2013, and are to be licensed under Sec 22 of the Banking Regulation Act, 1949. PBs are to be given the status of scheduled banks under section 42 (6) (a) of the Reserve Bank of India Act, 1934




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