The Reserve Bank of India (RBI) has allowed.....to restart opening new accounts for its consumers after almost six months of the ban.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The Reserve Bank of India (RBI) has allowed____to restart opening new accounts for its consumers after almost six months of the ban.

A	Paytm Payments Bank
B	Aditya Birla Payments Bank
C	India Post Payments Bank
D	Fino Payments Bank

Explanation:

Detailed explanation-1: -The Reserve Bank of India (RBI) has rejected the application of Paytm Payments Services (PPSL) for licence to operate as a payment aggregator, the company informed the bourses on November 26.

Detailed explanation-2: -Our associate Paytm Payments Bank Limited (PPBL) has got the final approval from Reserve Bank of India (RBI) to operate as Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007.

Detailed explanation-3: -Paytm Payments Bank Asked To Stop Onboarding New Customers; Re-apply for Payment Aggregator Licence. The Reserve Bank of India (RBI) has asked Paytm Payments Services (Paytm) Ltd to re-submit the application to operate as a payment aggregator.

Detailed explanation-4: -The Reserve Bank of India (RBI) has made it mandatory for banks and financial institutions to request KYC from their customers. In order to comply with RBI guidelines, Paytm has also made it mandatory for users to complete their KYC before using its wallet services.

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