Q. As per the RBI norms, which of the following institutions cannot open a Digital Banking Unit (DBU)?
1.Regional rural banks
2.Payment banks
3.Local area banks
Select the correct answer from the codes given below:

[A] 1 and 2 only

[B] 2 and 3 only

[C] .1 and 3 only

[D] .1, 2 and 3

Answer: D
Notes:
  • Commercial banks (other than regional rural banks, payment banks and local area banks) with past digital banking experience are permitted to open DBUs in tier 1 to tier 6 centres without having the need to take permission from the RBI in each case.

Source: Article

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