BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In which year IMPS was launched by Smt. Shyamala Gopinath?
A
2014
B
2006
C
2012
D
2010
Explanation: 

Detailed explanation-1: -Immediate Payment Service (IMPS) public launch happened on 22nd November 2010 by Smt. Shyamala Gopinath, DG RBI at Mumbai and this service is now available to the Indian public.

Detailed explanation-2: -IMPS is an emphatic tool to transfer money instantly within banks across India through mobile, internet and ATM which is not only safe but also economical both in financial and non-financial perspectives Immediate Payment Service (IMPS) public launch happened on 22nd November 2010 by Smt.

Detailed explanation-3: -IMPS was introduced in 2012 as a pilot programme by NPCI where only four banks offered the facility-State Bank of India, Bank of India, Union Bank of India, and ICICI Bank. IMPS has now grown to 150+ banks. NPCI then expanded IMPS and included YES Bank, HDFC Bank, and Axis Bank later that year.

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