CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Airtel has launched India’s first live payments bank in which state
A
Madhya Pradesh
B
Odisha
C
Rajasthan
D
Bihar
Explanation: 

Detailed explanation-1: -Airtel Payments bank’s headquarters is in New Delhi.

Detailed explanation-2: -Smt. Vasundhara Raje, Hon’ble CM of Rajasthan, said, “Congratulations to Airtel for making Rajasthan the first state in India to have Airtel Payments Bank.

Detailed explanation-3: -India currently has 6 Payment Banks namely, Airtel Payment Bank, India Post Payment Bank, Fino, Paytm Payment Bank, NSDL Payment Bank and Jio Payment Bank.

Detailed explanation-4: -Airtel Payments Bank is a differentiated bank devoted to Changing The Way India Banks by striving to create a benchmark in banking system by reimagining every process, product and service associated with banking keeping customer’s need at the core of every effort.

Detailed explanation-5: -Airtel Payments Bank started with an 80:20 partnership between Bharti Airtel and Kotak Mahindra Bank. Bharti Airtel launched Airtel Payments Bank in September 2016 and went live with its pilot project in Rajasthan in November 2016.

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