2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NSDL Payments Bank Ltd
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FINO Payments Bank Ltd
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India Post Payments Bank Ltd
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Jio Payments Bank Ltd
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Detailed explanation-1: -India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) have come together to focus their efforts on enhancing the reach of financial solutions to large sections of society across India and enabling frictionless finance to a billion Indians.
Detailed explanation-2: -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.
Detailed explanation-3: -India currently has 6 Payment Banks namely, Airtel Payment Bank, India Post Payment Bank, Fino, Paytm Payment Bank, NSDL Payment Bank and Jio Payment Bank.
Detailed explanation-4: -Banks. Bharti Airtel launched India’s first payments bank named Airtel Payments Bank in March 2017.
Detailed explanation-5: -The Reserve Bank Innovation Hub is a wholly owned subsidiary of the Reserve Bank of India (RBI) set-up to promote and facilitate an environment that accelerates innovation across the financial sector.