CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Reserve Bank of India has approved which Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS)?
A
Paytm Payments Bank
B
Fino Payments Bank
C
Airtel Payments Bank
D
Jio Payments Bank
Explanation: 

Detailed explanation-1: -Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).

Detailed explanation-2: -Fino Bank has received the RBI approval to commence the international remittance business under the Money Transfer Service Scheme (MTSS), the bank said on Monday.

Detailed explanation-3: -Fino Payments Bank has received the RBI approval for commencing International Remittance business under the Money Transfer Service Scheme (MTSS). The Bank will be undertaking inward cross-border money transfer activities and will be partnering with an Overseas Principal.

Detailed explanation-4: -Our associate Paytm Payments Bank Limited (PPBL) has got the final approval from Reserve Bank of India (RBI) to operate as Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007.

There is 1 question to complete.