2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RMSI Pvt. Ltd
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American Express India
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Deloitte
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None of the above
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Detailed explanation-1: -"We have selected Deloitte as the consultant for payments bank. The agreement will be signed on March 14, ” an official in the Department of Post (DoP) told PTI.
Detailed explanation-2: -Post office savings banks offer a variety of services like the issuance of national savings certificates, Kisan Vikaspatra, monthly recurring deposits, postal life insurance, pension payments, and money transfers.
Detailed explanation-3: -IPPB was launched as a pilot project on 30 January 2017 in Ranchi (Jharkhand) and Raipur (Chhattisgarh), with the objective of being present across India by the FY 2018-2019.
Detailed explanation-4: -IPPB provides third-party products like loans and insurance through the other banks or companies that it has tied up with. In the absence of traditional bank branches, the IPPB aims to reach its customers through their mobile phones.
Detailed explanation-5: -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.