Exams › IBPS PO › General Awareness

Credit card facility is not given by which institution?

1. Payment Banks
2. Nationalised Banks
3. Public Sector Banks
4. Regional Rural Banks

Correct answer: Payment Banks

Solution

Payment banks are not permitted to issue credit cards because they do not undertake lending activities like full-service banks. Nationalised banks, public sector banks, and regional rural banks can provide credit card facilities subject to regulations.

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