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Which bank faced major restrictions from the Reserve Bank of India (RBI), including prohibiting new deposits, credit transactions, and account top-ups from February 29th onwards?
  • a)
    Paytm Payments Bank
  • b)
    Citi Bank
  • c)
    HSBC Bank
  • d)
    RBL Bank
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which bank faced major restrictions from the Reserve Bank of India (RB...
Paytm Payments Bank is facing major restrictions imposed by the Reserve Bank of India (RBI), including prohibiting new deposits, credit transactions, and account top-ups from February 29th onwards, due to persistent non-compliance and supervisory concerns.
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Which bank faced major restrictions from the Reserve Bank of India (RBI), including prohibiting new deposits, credit transactions, and account top-ups from February 29th onwards?a)Paytm Payments Bankb)Citi Bankc)HSBC Bankd)RBL BankCorrect answer is option 'A'. Can you explain this answer?
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