Question

Which payments bank has been granted the status of a Scheduled bank by the Reserve Bank of India (RBI)?

Options

• Airtel Payments Bank

• Aditya Birla Payments Bank

• NSDL Payments Bank

• Jio Payments Bank

Answer 1

Airtel Payments Bank

Explanation:

The Reserve Bank of India has granted Airtel Payments Bank the status of a scheduled bank, according to the bank's announcement (RBI). Airtel Payments Bank is now qualified to participate in primary auctions and requests for proposals (RFPs) issued by the government as a scheduled bank.