RBI has recently announced to impose new restrictions on which payment bank?
A) Airtel Payment Bank
B) Paytm Payment Bank
C) Fino Payment Bank
D) Jio Payment Bank
Answer : B
Description :
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.
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