Download the BYJU'S Exam Prep App for free IAS preparation videos & tests - Download the BYJU'S Exam Prep App for free IAS preparation videos & tests -

Can Small Finance Banks issue credit cards?

No, small finance banks cannot issue credit cards but they are allowed to issue debit cards.You can read about the Types of Banks in India – Category and Functions of Banks in India in the given link.

Further readings:

  1. Granting License for Small Finance Banks by the Reserve Bank of India (RBI)
  2. RBI – Reserve Bank of India [UPSC Indian Economy Notes]

Related Links

Micro Finance – Definition, Features & Significance

Financial Inclusion – National Strategy for Financial Inclusion [UPSC GS-III]

SIDBI – Small Industries Development Bank of India & its Functions

Economics Mains Questions for UPSC GS-3

Topic-Wise GS 3 Questions for UPSC Mains

Types of Non Banking Financial Institutions India – Functions & Objectives

Comments

Leave a Comment

Your Mobile number and Email id will not be published.

*

*