ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    тЪб Month End Offer - Flat 52% Off On All Courses! Enroll Now тЪб
    00:00:00 AM Left

    Question

    Which payment bank was the first entity in India to

    receive a payment bank license from the Reserve Bank of India.
    A Paytm payments bank Correct Answer Incorrect Answer
    B NSDL payments bank Correct Answer Incorrect Answer
    C Airtel Payments bank Correct Answer Incorrect Answer
    D Fino Payments bank Correct Answer Incorrect Answer
    E Jio Payments Bank Correct Answer Incorrect Answer

    Solution

    Payment banks in India, a type of differentiated bank, emerged from the recommendations of the Nachiket Mor Committee in 2013, with the aim of expanding financial inclusion by providing basic banking services to underserved populations. In 2016, Airtel Payments Bank became the first company to receive the Payments Bank license from the Reserve Bank of India.┬а

    Practice Next
    More Economy and Banking and Finance Current Affairs Questions

    Relevant for Exams:

    ask-question