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      Question

      Which bank recently received the RBI’s

      ‘in-principle’ approval to transition into a Small Finance Bank (SFB)?  
      A Paytm Payments Bank Correct Answer Incorrect Answer
      B Airtel Payments Bank Correct Answer Incorrect Answer
      C Fino Payments Bank Correct Answer Incorrect Answer
      D India Post Payments Bank Correct Answer Incorrect Answer
      E NSDL Payments Bank Correct Answer Incorrect Answer

      Solution

      Fino Payments Bank Ltd. received the RBI’s ‘in-principle’ approval to convert into a Small Finance Bank. This approval signifies a major advancement in its operations, allowing it to offer a wider range of banking services.  

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