Payment Bank
Some Types of Banks
Payment Banks- Paytm Payment Bank, Airtel Payment Bank.
Central Banks - Reserve banks of india(RBI).
Comercial Banks - SBI, HDFC Bank, ICICI Bank.
etc.
Payment Banks
Payment banks like any other banks, but oparating on a smaller scale.
In a simple words, it can carry out most banking operations but cannot provide loans and issue credit cards.
Payment banks | Head Q. | Launched |
Paytem Payment Bank | Noida | May 2017 |
Airtel Payment Bank | New Delhi | January 2017, by Bharti Airtel |
Fino Payment Bank | Mumbai | April 2017 |
India Post Payment Bank | New Delhi | September 2018 |