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    Question

    Which two banks have received RBI approval to form

    Section 8 companies for the Indian Digital Payment Intelligence Corporation (IDPIC)?
    A HDFC and ICICI Correct Answer Incorrect Answer
    B Axis and Kotak Correct Answer Incorrect Answer
    C SBI and Bank of Baroda Correct Answer Incorrect Answer
    D PNB and Canara Bank Correct Answer Incorrect Answer
    E IndusInd and IOB Correct Answer Incorrect Answer

    Solution

    State Bank of India (SBI) and Bank of Baroda (BoB) have received RBI approval to form Section 8 companies to establish the Indian Digital Payment Intelligence Corporation (IDPIC), a not-for-profit entity focused on digital payments intelligence.

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