2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NBBL is a newly set up entity formed on April 01, 2021, to run the Bharat Bill Payment System business. The NBBL is a wholly-owned subsidiary of which bank?
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IDRBT
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State Bank of India
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NPCI
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RBI
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Explanation:
Detailed explanation-1: -The BBPS will be an authorised payment system operated by National Payment Corporation of India (NPCI).
Detailed explanation-2: -UPSC Mains Q. What is the expansion of UPMS, recently launched by NPCI Bharat BillPay? Notes: NPCI Bharat BillPay Ltd. (NBBL), the wholly-owned subsidiary of National Payments Corporation of India has introduced ‘Unified Presentment Management System’ (UPMS).
Detailed explanation-3: -National Payments Corporation of India (NPCI) has been authorized by RBI as the Bharat Bill Payment Central Unit (BBPCU) and is responsible for setting business standards, rules and procedures for technical and business requirements for all participants.
There is 1 question to complete.