Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 773)

2021-10-23 Banking

773.

RBI has imposed Rs 1 crore monetary penalty on which payments bank for violating norms under Section 26 (2) of the Payment and Settlement Systems Act, 2007?

Aditya Birla Payments Bank

Paytm Payments Bank

Airtel Payments Bank

Jio Payments Bank

Answer: Option

Explanation:

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) over certain specified violations, as referred in Section 26 (2) of the Payment and Settlement Systems Act, 2007.