Recently, the Reserve Bank of India (RBI) has imposed restrictions on which payment bank?
Show Hint
- Airtel Payment Bank
- Paytm Payment Bank
- Jio Payment Bank
- India Post Payment Bank
The Correct Option is B
Approach Solution - 1
Thus, the correct answer is Paytm Payment Bank.
Approach Solution -2
The restrictions were related to the bank's failure to maintain the required minimum net worth and comply with certain regulatory norms. RBI directed Paytm Payment Bank to restrict onboarding new customers and other activities until it meets the necessary regulatory requirements.
This move by the RBI underscores the importance of compliance and financial stability among payment banks operating in the country.
Conclusion:
The Reserve Bank of India has recently imposed restrictions on Paytm Payment Bank due to regulatory non-compliance.
Top Questions on Current Affairs
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Modern criminology encompasses diverse domains like victimology, penology, white-collar crime, cybercrime, and transnational offences. The traditional ele ments of crime, mens rea and actus reus remain crucial. However, strict liability offences and corporate crimes often challenge this binary. With the advent of globalization, criminology now interfaces with international criminal law, human rights jurisprudence, and restorative justice. It aims to reintegrate the offender and provide restitution to victims. Furthermore, critical criminology interrogates how law disproportionately penalizes marginalized groups, reflecting concerns of penal populism, mass incarceration, and criminalization of poverty. This evolving discipline critiques not just criminal behaviour but the social construction of de viance itself.- TS LAWCET - 2025
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