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    Question

    Which bank received the RBI’s ‘in-principle’

    approval to convert into a Small Finance Bank (SFB)? 
    A Airtel Payments Bank Correct Answer Incorrect Answer
    B India Post Payments Bank Correct Answer Incorrect Answer
    C Fino Payments Bank Correct Answer Incorrect Answer
    D Paytm Payments Bank Correct Answer Incorrect Answer
    E Jio Payments Bank Correct Answer Incorrect Answer

    Solution

    Fino Payments Bank received RBI’s ‘in-principle’ approval to convert into a Small Finance Bank (SFB). This reflects its strong digital banking model, regulatory compliance, and role in promoting financial inclusion since its establishment in 2017.  

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