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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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