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    Question

    What is the authorized share capital that the National

    Payments Corporation of India (NPCI) has fixed?
    A ₹100 Crore Correct Answer Incorrect Answer
    B ₹200 Crore Correct Answer Incorrect Answer
    C ₹250 Crore Correct Answer Incorrect Answer
    D ₹300 Crore Correct Answer Incorrect Answer
    E ₹350 Crore Correct Answer Incorrect Answer

    Solution

    National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments system in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks’ Association (IB1). NPCI has authorised share capital of Rs 300 crore and paid-up capital of Rs 100 crore. Its existing promoter banks are State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC.

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