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Name the first Payment Bank to start operations in India.
  • a)
    Paytm Payments Bank
  • b)
    Airtel Payments Bank
  • c)
    India Post Payments Bank
  • d)
    Fino Payments Bank
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Name the first Payment Bank to start operations in India.a)Paytm Paym...
  • The first such bank to launch was Airtel Payments Bank Ltd, followed by India Post Payments Bank Ltd and Paytm Payments Bank Ltd.
  • A payments bank is a differentiated bank. Customers can open a savings account in them with deposits of up to Rs1 lakh. However, these banks cannot lend money to their customers.
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Name the first Payment Bank to start operations in India.a)Paytm Payments Bankb)Airtel Payments Bankc)India Post Payments Bankd)Fino Payments BankCorrect answer is option 'B'. Can you explain this answer?
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