GENERAL KNOWLEDGE

GK

BANKING AWARENESS AND SEBI

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

RBI grants “in-principle” approval to Reliance Industries Limited to set up Payments Banks in the country. To which among the following RIL has partnered with for Payment Bank Licence?

A	SBI
B	LIC
C	Bajaj Capital
D	Apollo Munich

Explanation:

Detailed explanation-1: -The RBI has issued a licence to Jio Payments Bank-a unit of billionaire Mukesh Ambani-led Reliance Industries-to operate as a payments bank. Jio Payments Bank, a unit of billionaire Mukesh Ambani-led conglomerate Reliance Industries, has started operations.

Detailed explanation-2: -Those that have received an in-principle nod from RBI to operate as payment aggregators also include Infibeam Avenues, Innoviti Payment Solutions, Lyra Network, NSDL Database Management, Open Financial Technologies, Pine Labs and Razorpay Software.

Detailed explanation-3: -Q. Which payments bank has been granted the status of a Scheduled bank by the Reserve Bank of India (RBI)? Notes: The Reserve Bank of India (RBI) has recently granted the status of a scheduled bank to Airtel Payments Bank.

There is 1 question to complete.