New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Finance Ministry has allowed _______ financial

    companies to undertake Aadhaar-based authentication of clients & as they are already reporting entities under the PMLA, will be able to verify the identity of clients and beneficial owners' details using their Aadhaar numbers.
    A 19 Correct Answer Incorrect Answer
    B 21 Correct Answer Incorrect Answer
    C 22 Correct Answer Incorrect Answer
    D 25 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Finance Ministry has allowed 22 financial companies, including Amazon Pay (India) and Hero FinCorp, to undertake Aadhaar-based authentication of clients.   These 22 companies, which are already reporting entities under the PMLA, will be able to verify the identity of clients and beneficial owners' details using their Aadhaar numbers.    These 22 financial companies include Godrej Finance, Amazon Pay (India) Pvt Ltd, Aditya Birla Housing Finance, Tata Motors Finance Solution, IIFL Finance and Mahindra Rural Housing Finance Ltd.

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