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      Question

      Which payment bank encountered limitations from the

      Reserve Bank of India due to "Violation of regulatory standards and failure to comply"?
      A Airtel Payments Bank Correct Answer Incorrect Answer
      B Fino Payments Bank Correct Answer Incorrect Answer
      C Paytm Payments Bank Correct Answer Incorrect Answer
      D Jio Payments Bank Correct Answer Incorrect Answer

      Solution

      RBI restricted the operations of Paytm Payments Bank post February 29, 2024. The Reserve Bank of India (RBI) has clarified its recent actions against Paytm Payments Bank, stating that the crackdown was a result of the bank's failure to comply with regulations despite repeated warnings.

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