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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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