BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
India Post Payment Bank
|
|
|
Aditya Birla Idea Payment Bank
|
|
|
Fino Payments Bank
|
|
|
Airtel Payment Bank
|
Detailed explanation-1: -FIS® helped Fino Payments Bank scale its operations to become India’s local national bank, a digital banking partner for millions of Indians.
Detailed explanation-2: -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-3: -Digital offerings Being a payments bank, Fino is now not allowed to directly offer credit to customers. It has to rely on partnerships for this purpose or convert itself into a small finance bank. Through partnerships, Fino is already doing gold loan, merchant loans and consumer loans.
Detailed explanation-4: -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.