BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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7
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11
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41
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9
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Detailed explanation-1: -The external advisory committee headed by Nachiket Mor submitted its findings on 6 July 2015. The applicant entities were examined for their financial track record and governance issues. On 19 August 2015, the Reserve Bank of India gave “in-principle” licences to 11 entities to launch payments banks.
Detailed explanation-2: -RBI gives licence for 11 payments banks.
Detailed explanation-3: -As many as 26 firms, including top corporate houses like Tata Sons, L&T, Reliance Group, Adiya Birla Nuvo, Bajaj, Shriram and Religare, have sought banking licence. The last day for application was July 1.
Detailed explanation-4: -India currently has 6 Payment Banks namely, Airtel Payment Bank, India Post Payment Bank, Fino, Paytm Payment Bank, NSDL Payment Bank and Jio Payment Bank.