NBBL is a newly set up entity formed on April 01, 2021, to run the Bharat Bill Payment System business. The NBBL is a wholly-owned subsidiary of which bank?

• A. RBI
• B. IDRBT
• C. State Bank of India
• D. NPCI

Answer: (D)

The National Payments Corporation of India has transferred all its BBPS transaction business to NPCI Bharat BillPay Limited (NBBL), a wholly-owned subsidiary of NPCI.