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Answer : 2. "Paytm Payment Bank"
RBI has recently announced the imposition of new restrictions on which payment bank?
5Q:
RBI has recently announced the imposition of new restrictions on which payment bank?
- 1Airtel Payment Bankfalse
- 2Paytm Payment Banktrue
- 3Fino Payment Bankfalse
- 4Jio Payment Bankfalse
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Answer : 2. "Paytm Payment Bank"
Explanation :
The Reserve Bank of India (RBI) has imposed several major business restrictions on Paytm Payments Bank. Earlier, the Central Bank had imposed a ban on adding new customers to the bank in March 2022. Right now all services will remain normal till 29th February but after that many services related to Payments Bank will be closed. It is noteworthy that One97 Communications holds 49 percent stake in Paytm Payments Bank.