CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
‘Fincluvation’ is a financial inclusion initiative launched by which bank?
A
NSDL Payment Bank
B
Jio Payment Bank
C
India Post Payments Bank
D
Paytm Payment Bank
Explanation: 

Detailed explanation-1: -The correct answer is India Post Payments Bank. India Post Payments Bank (IPPB) has announced the launch of Fincluvation to create and innovate solutions for financial inclusion. It is a joint initiative to collaborate with the Fintech startup community to co-create and innovate solutions for financial inclusion.

Detailed explanation-2: -Fincluvation– a joint initiative to collaborate with Fintech Startup community to co-create and innovate solutions for financial inclusion was launched on Thursday, April 21 by India Post Payments Bank (IPPB), a 100% government owned entity under the Department of Posts (DoP).

Detailed explanation-3: -Financial Inclusion by RBI No frills account. BSBDA – Basic savings bank deposit account. LBS – Lead banking scheme. PMJDY – Pradhan Mantri Jan Dhan Yojana.

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