Question

Where is the headquarters of the Fino Payment Bank Located ?

• A. Mumbai
• B. Ahmedabad
• C. Cochin
• D. Chennai

Answer 1

Answer:

A. Mumbai

Mumbai-headquartered Fino Payment bank has been included in the category of a scheduled commercial bank, by the Reserve Bank of India. The country’s central bank said that it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. With this, the payment bank will have more exposure in treasury and participation in liquidity adjustment facility (LAF) window.