Question of The Day07-01-2022

Which of the following is the scheduled payments bank of India?

I. Paytm Payments Bank Limited

II. Airtel Payments Bank

III. Jio Payments Bank

IV. Fino payment bank

Select the correct code:

Answer

Correct Answer : d ) I, II and IV

Explanation :
  • RBI has granted ‘scheduled bank status’ to Airtel Payments Bank under the Reserve Bank of India Act, 1934.
  • Recently, RBI gave Scheduled Bank status to Paytm Payments Bank Limited in December 2021.
  • RBI has included Fino payment bank in the category of a scheduled commercial bank in February 2021.
  • Jio Payments Bank is a Reliance Industries-owned Indian payments bank that began operations in 2018. It is not a scheduled payments bank.

Hence, option (d) is correct.

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