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    Question

    Which Indian bank established a wholly-owned subsidiary

    named NPCI-BHIM Services Ltd to strengthen its digital payment infrastructure?
    A State Bank of India Correct Answer Incorrect Answer
    B Reserve Bank of India Correct Answer Incorrect Answer
    C National Payments Corporation of India (NPCI) Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E HDFC Bank Correct Answer Incorrect Answer

    Solution

    NPCI has incorporated NPCI-BHIM Services Ltd as a wholly-owned subsidiary to strengthen the BHIM app’s position in the UPI market.

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