Question
RBI granted Scheduled Payment Bank Status to Airtel
Payments Bank, now APB is listed in 2nd schedule of _______?Solution
The Reserve Bank of India (RBI) announced the inclusion of Airtel Payments Bank in the second schedule of the Reserve Bank of India Act, 1934. The central bank also said that SBI, ICICI and HDFC banks will continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2020 list of D-SIBs.
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