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Discussion :: National - Latest Current Affairs (Q.No.1138)

1138. 

Data from the National Payments Corporation of India (NPCI) stated that April Immediate Payment System (IMPS) numbers have reduced to a two-year low. When was NPCI founded?

[A]. 2010
[B]. 2008
[C]. 2006
[D]. 2009

Answer: Option B

Explanation:

Data from the National Payments Corporation of India (NPCI) stated that April Immediate Payment System (IMPS) numbers have reduced to a two-year low. The dive in the retail interbank transfers is due to the COVID-19 lockdown. Founded in 2008, the NPCI is a not-for-profit organisation registered under section 8 of the Companies Act 2013, established by Reserve Bank of India & IBA.

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