India secured the FATF Vice-Presidency for 2026-2027, highlighting its leadership in global financial security. Following an exceptional Mutual Evaluation rating, India will spearhead international efforts to combat money laundering, state-sponsored terror financing, and emerging digital asset risks.
Click to View MorePayments Banks are specialized "niche" banks introduced by RBI to promote financial inclusion. They accept demand deposits up to ₹2 lakh, issue debit cards, and facilitate remittances, but are strictly prohibited from lending money or issuing credit cards.
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