Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 2088)
2088.
Which of the following bank going to introduce the Payment Bank according to the Reserve Bank of India?
Cholamandalam Distribution Services
Sun Pharmaceuticals
FINO Paytech Bank
Tech Mahindra
Answer: Option
Explanation:
FINO Payments Bank commenced operations as a payments bank with effect from 30th June 2017 according to the Reserve Bank of India. The payments bank will be registered as a public limited company under the Companies Act, 2013 and licensed under Section 22 of the Banking Regulation Act, 1949. Fino Playtech was founded on 13th July 2006 is headquartered at Mumbai, with offices across India.
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