Question

Which of the following is correct about National Payments Corporation of India (NPC

  • I ?
A It is an initiative taken by the Reserve Bank of India (RBI) and Indian Bank’s Association (IBA).
B It established to operate the retail payments and settlement systems in India.
C It was founded in the year 2008 under the Payment and Settlement Systems Act, 2007.
D It has been incorporated as a ‘not for profit’ company under section 8 of Companies Act 2013.
E All are correct
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