BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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AU Small Finance Bank
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India Post Payments Bank
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Fino Payments Bank
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Airtel Payments Bank
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Detailed explanation-1: -Fino Payments Bank MD and CEO Rishi Gupta “We have been very clear on this (revere merger) from day 1 during our IPO process and subsequently. We see that there are a lot of benefits that are going to come from the reverse merger of the holding company with the bank.
Detailed explanation-2: -Fino PayTech shares fall 53% in unlisted market over four months after listing of payments bank unit. In the mid-November 2021, the stock hit an all time high and was trading in the range of Rs 400 to 425 in unlisted space when subsidiary Fino Payments Bank made a debut on the bourses.
Detailed explanation-3: -Fino Payments Bank Limited was formerly known as Fino Fintech Limited and changed its name to Fino Payments Bank Limited in April 2017. The company was founded in 2006 and is based in Navi Mumbai, India.
Detailed explanation-4: -Fino Payments Bank, is a wholly-owned subsidiary of Fino PayTech, which is engaged in providing business and banking technology platform-based solutions and services related to financial inclusion.