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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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