2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following payments bank has been recently barred by the RBI from adding new customers over discrepancies in adherence to KYC norms?
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Fino Payments Bank
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India Post Payments Bank
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Aditya Birla Idea Payments Bank
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Jio Payments Bank
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Explanation:
Detailed explanation-1: -"Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing report of the IT auditors. This action is based on certain material supervisory concerns observed in the bank, ” the RBI said.
Detailed explanation-2: -The correct answer is Mastercard. The Reserve Bank of India (RBI) has imposed restrictions on Mastercard Asia/Pacific Pte. Ltd.
Detailed explanation-3: -About NPCI Bharat BillPay Ltd. NPCI Bharat BillPay Ltd. is a wholly-owned subsidiary of National Payments Corporation of India.
There is 1 question to complete.