Q. Recently SEBI allowed payments banks to act as a———–.
a) Commercial Bank
b) Investment banker
c) None profit Organization
d) None of these
ANSWER:- b)
RELATED FACTS:-
- On 3rd, August, 2021 To provide easy access to investors to participate in public and rights issues by using various payment avenues, markets regulator SEBI allowed payments banks to carry out the activities of investment bankers.
- Non-scheduled payments banks, which have prior approval from the Reserve Bank of India (RBI), will be eligible to act as a banker to an issue (BTI), Sebi said in a circular.
- This is subject to fulfilment of the conditions stipulated in the BTI rules.
- Further, payments banks registered as a BTI will also be permitted to act as self-certified syndicate banks, subject to the fulfillment of the criteria laid down by the SEBI in this regard from time to time.
- In a notification dated July 30, the regulator amended the Bankers to an Issue rules, thereby permitting such other banking company, as may be specified by the Sebi, from time to time, to carry out the activities of Bankers to an Issue (BTI), in addition to the scheduled banks.
By -ABHISHEK KUMAR