Which of the following undertakes the Oversight function of the payment and settlement systems in India?
Answer: B
Reserve Bank of India undertakes the Oversight function of the payment and settlement systems in the country.
Which of these payments system is not managed by NPCI?
Answer: C
NEFT managed by RBI
There are how many core promoter banks of NPCI ?
Answer: C
There are 10 core promoter banks of NPCI- State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank N. A. and HSBC. In 2016 the shareholding was broad-based to 56 member banks to include more banks representing all sectors.
NPCI has been incorporated under ______ of Companies Act 2013.
Answer: A
NPCI has been incorporated as a “Not for Profit” Company under the provisions of Section 25 of Companies Act 1956 (now Section 8 of Companies Act 2013)
Which organization was formed for managing retail payment in India?
Answer: B
National Payments Corporation of India (NPCI), an umbrella organisation for operating retail payments and settlement systems in India.