Question

    RBI granted Scheduled Payment Bank Status to Airtel

    Payments Bank, now APB is listed in 2nd schedule of _______?
    A RBI Act 1934 Correct Answer Incorrect Answer
    B Banking Regulation Act 1949 Correct Answer Incorrect Answer
    C RBI Act 1935 Correct Answer Incorrect Answer
    D Payment & Settlement System Act 2007 Correct Answer Incorrect Answer
    E Banking Reg Act 1956 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) announced the inclusion of Airtel Payments Bank in the second schedule of the Reserve Bank of India Act, 1934. The central bank also said that SBI, ICICI and HDFC banks will continue to be identified as Domestic Systemically Important Banks (D-SIBs), under the same bucketing structure as in the 2020 list of D-SIBs.

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