RBI Grade B Officers 21 Nov 2015 Paper

(5) As per the RBI guidelines,Payment banks are not allowedto set up subsidiariesto undertake non-banking financialservices activities.
Some of the other don’ts forpayment banks are as follows:
● No NRI deposits should beaccepted;
● Cannot issue credit card;
● Other financial and non-financialservices activities ofthe promoters should not bemingled with the working ofpayment banks