BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8
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10
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12
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25
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Detailed explanation-1: -Reserve Bank of India has granted in-principle licence for small finance banks to ten entities.
Detailed explanation-2: -The external advisory committee headed by Nachiket Mor submitted its findings on 6 July 2015. The applicant entities were examined for their financial track record and governance issues. On 19 August 2015, the Reserve Bank of India gave “in-principle” licences to 11 entities to launch payments banks.
Detailed explanation-3: -Further, it has rejected two out of seven applications it received for setting up small finance banks (SFBs).
Detailed explanation-4: -The Government of India has today sanctioned and notified the Scheme for the amalgamation of the Punjab and Maharashtra Co-operative Bank Ltd. (PMC Bank) with Unity Small Finance Bank Ltd. (USFBL). The amalgamation will come into force with effect from the date of the notification of the scheme i.e. January 25, 2022.
Detailed explanation-5: -The Reserve Bank of India on Tuesday granted a banking licence to Unity Small Finance Bank Ltd (USFBL), which was established jointly by the Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited (BharatPe), to carry on a SFB business in India.