BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following payments bank has announced a strategic partnership with Hindustan Petroleum Corporation Limited (HPCL) to give the further boost to digital payments in the country and add to customer convenience?
A
Aditya Birla Nuvo
B
Department of Posts
C
Airtel Payments Bank
D
FINO PayTech
Explanation: 

Detailed explanation-1: -Shashi Arora, MD & CEO, Airtel Payments Bank said in a statement, ? We are delighted to partner HPCL as part of our endeavor to build a robust and diverse merchant ecosystem that brings more digital payments avenues to our customers. We are, in particular, pleased to have these fuel outlets as our banking points.

Detailed explanation-2: -On April 11, 2016, Airtel Payments Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI). It intends to bring banking services to the doorstep of every citizen of the country.

Detailed explanation-3: -Q. Which payments bank has been granted the status of a Scheduled bank by the Reserve Bank of India (RBI)? Notes: The Reserve Bank of India (RBI) has recently granted the status of a scheduled bank to Airtel Payments Bank.

Detailed explanation-4: -s digital ecosystem through a range of financial solutions. In a bid to accelerate adoption of digital payments in the country, over the coming months, Airtel and Axis Bank will bring to market a range of innovative financial offerings and digital services exclusively for Airtel? s 340 million plus customers.

Detailed explanation-5: -Airtel Payments Bank partners Muthoot Finance to offer gold loans on Airtel Thanks app-The Hindu BusinessLine.

There is 1 question to complete.