
Study Notes for Banking Awareness topic - Small Finance Banks and Payment Banks
Click to study the Complete Theory of Small Finance Banks and Payment Banks and practice a lot of questions difficulty wise on this Static GK topic that can be asked in your competitive exam.

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Small Finance Banks and Payment Banks FAQs
What is the full form of NBFCs?
NBFCs stands for Non-Banking Financial Companies.
What is the minimum paid-up equity capital of the payments bank?
The minimum paid-up equity capital of the payments bank is Rs.100 crore.
What are Functional Payments Banks in India?
Functional Payments Banks in India are Airtel Payments Bank Ltd., India Post Payments Bank Ltd, FINO Payments Bank Ltd, Paytm Payments Bank Ltd.
Which bank act as a bridge between traditional banks services and the evolving expectations of customers in the digital age?
Neo banks
Name some India’s renowned Neo Banks.
Some of India’s renowned Neo Banks are: Razorpay, Jupiter, Niyo, Open, EpiFi. There are 10 neo banks at present in India. ICICI took lead and partnered with three of them namely- Free, Instant Pay and Yelo.
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