2017
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Canara Bank
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Dena Bank
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Reserve Bank of India
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State Bank of Mysore
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Detailed explanation-1: -Most of our Co-operative Bank debit and credit cards are eligible for Google Pay, with the exception of ATM cards and business credit or debit cards.
Detailed explanation-2: -Banks and Registered Non-Bank Financial Companies seeking to issue such instruments shall seek approval from the Department of Payment and Settlement Systems, Reserve Bank of India.
Detailed explanation-3: -25. Since no RBI authorisation is required to issue a closed e-wallet, paragraph 2.4 of the PPI Master Directions can be interpreted to mean that both banks and non-banks can issue closed e-wallets. 26.
Detailed explanation-4: -Eligible Cardholders UCBs are permitted to issue credit cards to their regular members and nominal members only, but not to non-members. The card issuing banks would be solely responsible for fulfillment of all KYC requirements.