1. Fino Payments Bank became the first Payments Bank in India to receive RBI’s in-principle approval to convert into a ___?
A) Commercial Bank
B) Small Finance Bank
C) Universal Bank
D) Regional Rural Bank
Answer: B) Small Finance Bank
Explanation: RBI granted Fino Payments Bank approval to convert into an SFB, making it the first payments bank to receive such permission.
Month: Current Affairs - December 09, 2025
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