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RBI allows Payments Banks, SFBs to conduct Govt agency business:

GS Paper 2: Topics Covered: Government policies and issues arising out of it.   Context: RBI allows Payments Banks, Small Finance Banks to conduct Govt agency business. It will be subject to the condition that the concerned bank is not under the Prompt Corrective Action (PCA) framework or moratorium.   Power of accrediting an agency …

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