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      Question

      The RBI approved the NBFC application of which payments

      company, requiring a minimum Net Owned Fund of Rs 10 crore?
      A PhonePe Correct Answer Incorrect Answer
      B BharatPe Correct Answer Incorrect Answer
      C One MobiKwik Systems Limited Correct Answer Incorrect Answer
      D Razorpay Correct Answer Incorrect Answer
      E Pine Labs Correct Answer Incorrect Answer

      Solution

      RBI approved the NBFC application of One MobiKwik Systems Limited, requiring it to maintain a minimum Net Owned Fund (NOF) of Rs 10 crore.

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