BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

AU Small Finance Bank has received Reserved Bank of India (RBI) approval to operate as Scheduled Commercial Bank recently. Where is headquarters of AU Small Finance Bank?

A	Chandigarh
B	Patna
C	Gandhinagar
D	Jaipur

Explanation:

Detailed explanation-1: -Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.

Detailed explanation-2: -About AU Small Finance Bank Today, we are recognised as one of the best Scheduled Commercial Banks in India. We are also listed as a Fortune India 500 company for providing a convenient banking experience to all our customers.

Detailed explanation-3: -Headquartered in Jaipur, Rajasthan, the retail-focused Non-Banking Finance Company for two decades provided speedy and customised financial solutions to rural and urban population.

Detailed explanation-4: -Au Financiers was founded by entrepreneur Sanjay Agarwal in 1996. It started with one branch in Jaipur but today it has around 200 branches across the country and focuses on lending to the low-income section of the population.

There is 1 question to complete.