Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.159)


Who released framework for authorisation of Pan-India umbrella entity for retail payments?

[A]. SBI
[B]. RBI

Answer: Option B


On August 18, 2020, Reserve Bank of India (RBI) released the "Framework for authorisation of pan-India Umbrella Entity for Retail Payments" on the lines of the feedback received on the "draft framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems" which was placed on Reserve Bank's website on February 10, 2020 for public comments.

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