Arun Jaitley launches Paytm Payments Bank

Posted on:29 Nov 2017 13:18:40
Arun Jaitley launches Paytm Payments Bank
29 November 2017 Current Affairs: A new Payments Bank 'Paytm Payments Bank' was formally launched at the hands of the Union Finance Minister Arun Jaitley.

Currently, India has four Payments Bank including Paytm Payments Bank. The other three operational ones are Airtel Payments Bank, India Post Payments Bank and Fino Payments Bank.

A payments bank is a differentiated bank. A customer can open a savings bank account in them and have deposits of up to Rs. 1 lakh. These banks cannot, however, lend money to their customers.
A new Payments Bank 'Paytm Payments Bank' was formally launched at the hands of the Union Finance Minister Arun Jaitley.

Currently, India has four Payments Bank including Paytm Payments Bank. The other three operational ones are Airtel Payments Bank, India Post Payments Bank and Fino Payments Bank.

A payments bank is a differentiated bank. A customer can open a savings bank account in them and have deposits of up to Rs. 1 lakh. These banks cannot, however, lend money to their customers.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Currentt Affairs 2018 November

14 NOVEMBER
NEWS
13 NOVEMBER
NEWS
12 NOVEMBER
NEWS
11 NOVEMBER
NEWS

Currentt Affairs 2018 October

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Currentt Affairs 2018 September

30 SEPTEMBER
NEWS
29 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS