2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Aditya Birla Payments Bank
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Airtel Payments Bank
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Fino Payments Bank
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India Post Payments Bank
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Detailed explanation-1: -Fino Bank had earlier partnered with Suryoday SFB for offering sweep account facility to its customers, to address the ₹1 lakh end-of-day deposit limit, which was later revised to ₹2 lakh. The latest partnership will expand the range of products that Fino Bank offers its customers.
Detailed explanation-2: -Baskar Babu Ramachandran is the Managing Director and Chief Executive Officer of the Bank.
Detailed explanation-3: -The major Difference Between Small Finance Bank and Payment Bank is that a small finance bank provides financial services to the unserved and unbanked areas, whereas a payment bank operates without involving any credit risk on a smaller scale.
Detailed explanation-4: -Suryoday Small Finance Bank has decided to discontinue its ATMs from October 1. “Due to operational reasons, Suryoday Bank ATMs will be discontinued with effect from October 1, 2021,” the bank has said on its website.