Question

    Which payment bank encountered limitations from the

    Reserve Bank of India due to "Violation of regulatory standards and failure to comply"?
    A Airtel Payments Bank Correct Answer Incorrect Answer
    B Fino Payments Bank Correct Answer Incorrect Answer
    C Paytm Payments Bank Correct Answer Incorrect Answer
    D Jio Payments Bank Correct Answer Incorrect Answer

    Solution

    RBI restricted the operations of Paytm Payments Bank post February 29, 2024. The Reserve Bank of India (RBI) has clarified its recent actions against Paytm Payments Bank, stating that the crackdown was a result of the bank's failure to comply with regulations despite repeated warnings.

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