Which institution has initiated the liquidation process for Paytm Payments Bank Limited (PPBL)?
- ASEBI
- BReserve Bank of India (RBI)
- CMinistry of Finance
- DState Bank of India (SBI)
Correct Answer: B
The Reserve Bank of India (RBI) has initiated the liquidation process for Paytm Payments Bank Limited (PPBL) following permission from the Delhi High Court, due to regulatory violations. The bank's winding-up will take place under the Banking Regulation Act, 1949, and the Companies Act, 2013, and eligible depositors will receive their funds back in accordance with the rules.
This question is part of 31 July 2026 Current Affairs Quiz | Daily GK MCQs Online Test.
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