CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank Tie-Up For Cross-Border Remittances recently?
A
Dena Bank
B
Canara Bank
C
IndusInd bank
D
Yes Bank
Explanation: 

Detailed explanation-1: -IndusInd Bank has joined hands with the National Payments Corporation of India (NPCI) for offering real-time cross-border remittances to India using UPI IDs for its Money Transfer Operator (MTO) partners.

Detailed explanation-2: -Fino Payments Bank has received the Reserve Bank of India’s approval for commencing international remittance business under the Money Transfer Service Scheme (MTSS).

Detailed explanation-3: -The RBI announced on the occasion of the Global Fintech Fest, 2022 that Federal Bank in collaboration with the UAE’s Lulu Exchange is the first bank to go live on the BBPS cross-border inward bill payment facility.

Detailed explanation-4: -IndusInd Bank partners with NPCI.

There is 1 question to complete.