New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    RBI recently approved ____________________ for

    commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).
    A Airtel Payment Bank, Correct Answer Incorrect Answer
    B India Post Payment Bank, Correct Answer Incorrect Answer
    C Fino Payment Bank, Correct Answer Incorrect Answer
    D Paytm Payment Bank Correct Answer Incorrect Answer
    E Jio Payment Bank Correct Answer Incorrect Answer

    Solution

    RBI recently approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS). The approval will enable the customers of Fino Payments Bank to receive money sent from foreign countries.

    Practice Next