Question

Which Indian bank collaborated with Sweden's Crunchfish AB to create an offline digital payments product approved by the Reserve Bank of India (RBI) for adoption by regulated entities?

A State Bank of India (SBI) Correct Answer Incorrect Answer
B ICICI Bank Correct Answer Incorrect Answer
C HDFC Bank Correct Answer Incorrect Answer
D Axis Bank Correct Answer Incorrect Answer
E Punjab National Bank (PNB) Correct Answer Incorrect Answer

Solution

The Reserve Bank of India (RBI) has given a nod for regulated entities such as banks and non-banking financial companies (NBFCs) to adopt an offline digital payments product made by HDFC Bank in collaboration with Sweden's Crunchfish AB.

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