Question

The RBI revoked the banking licence of Paytm Payments Bank Limited under which section of the Banking Regulation Act, 1949?

A Section 11 Correct Answer Incorrect Answer
B Section 22(4) Correct Answer Incorrect Answer
C Section 35A Correct Answer Incorrect Answer
D Section 45 Correct Answer Incorrect Answer
E Section 56 Correct Answer Incorrect Answer

Solution

RBI revoked the banking licence of Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949.

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