Which of the following financial organization have been got approval from RBI For access to prepaid payment business
A. Bajaj Finance
B. LIC
C. SBI
D. ICICI
Answer:A
Which of the following financial organization have been got approval from RBI For access to prepaid payment business
A. Bajaj Finance B. LIC C. SBI D. ICICI
Explanation: With the Reserve Bank of India (RBI) authorizing Bajaj Finance’s entry into the prepaid payment market with permanent validity, the non-bank lender is expected to join the likes of Paytm and Amazon. Bajaj Finance’s decision is part of a larger effort to broaden its digital offerings. The RBI has given the Company permission to issue and operate perpetually legitimate semi-closed Prepaid Payment Instruments.