CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is ICICI Bank. ICICI Bank has launched a facility for linking a UPI ID with its digital wallet, ‘Pockets’.

Detailed explanation-2: -The ten core promoter banks are State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank Limited, HDFC Bank Limited, Citibank N. A. and HSBC.

Detailed explanation-3: -Pockets by ICICI Bank introduces a first ever ‘Wallet linked UPI’ which lets you debit your Pockets digital wallet while using UPI. Simply download/log in to your updated Pockets app and get a VPA auto created by the app without having to link to any bank account.

Detailed explanation-4: -The first card - ICICI Bank Coral RuPay Credit Card - is a contactless card to provide users with numerous benefits of reward points on daily purchases such as shopping, utility bills, complimentary domestic airport and railway lounge access, discounts on movie tickets and dining, among others.

Detailed explanation-5: -NPCI approves the participation of Customer Banks, PSP, Third Party Application Providers (TPAP) and Prepaid Payment Instrument issuers (PPIs) in UPI. NPCI provides a safe, secure and efficient UPI system and network.