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  9. Q248

ibps-so 2023 · Question 248 of 323

Which Indian bank collaborated with Sweden's Crunchfish AB to create an offline digital payments product approved by the Reserve Bank of India (RBI) for adoption by regulated entities?

  1. AState Bank of India (SBI)
  2. BICICI Bank
  3. CHDFC BankCorrect
  4. DAxis Bank
  5. EPunjab National Bank (PNB)

Answer: C. HDFC Bank

Explanation

The Reserve Bank of India (RBI) has given a nod for regulated entities such as banks and non-banking financial companies (NBFCs) to adopt an offline digital payments product made by HDFC Bank in collaboration with Sweden's Crunchfish AB.

Source: IBPS SO Prelims Memory Based 2023 (RA/LO) - ixamBee · memory-based

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