RBI Approves SBI and Bank of Baroda for Digital Payments Intelligence Platform
The Reserve Bank of India (RBI) has granted approval to State Bank of India (SBI) and Bank of Baroda (BoB) to establish a Digital Payments Intelligence Platform. This entity aims to enhance fraud detection and risk management in digital payments. The platform will leverage advanced analytics to monitor transactions in real-time. It marks a significant step in strengthening India's digital payment ecosystem amid rising cyber threats. The approval aligns with RBI's push for secure fintech innovations.
प्रश्न हल करें
Which banks received RBI approval for Digital Payments Intelligence Platform?
उत्तर: (b) SBI and BoB
The correct answer is (b) SBI and BoB.