alleryWhich of these is excluded from the definition of a commercial bank?
APrivate bank
BPrime bank
CPayment bank
DPublic bank
Answer & Solution
Correct answer: C. Payment bank
1. Small finance banks and local area banks are excluded.
2. So is one more class of bank.
3. Payment banks are excluded as well.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_
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