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Question

____ was the first payments bank to start its commercial operation in November 2016 on a pilot basis.

The correct answer is

Airtel Payments Bank

The correct answer is option 4. Airtel Payments Bank was the first payments bank to start its commercial operation in November 2016 on a pilot basis, offering banking services through mobile phones and online banking systems.

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Important Questions from Payment and Small Finance Banks

  1. In which of the following cities is the corporate office of North East Small Finance Bank located?

  2. Under which scheme are collateral free loans of up to ₹10 Lakh extended by the Member Lending Institutions (MLIs) in India?

  3. The 'Make in India' initiative primarily focuses on which sector?

  4. The real name of Babur, the founder of Mughal dynasty in India was:

  5. In relation to payment banks, which of the following statements is INCORRECT?

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