MUDRA is registered under the companies act-2013 is the wholly owned Subsidiary of SIDBI. SIDBI headquartered in

BANKING GENERAL KNOWLEDGE

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

A	Luknow
B	Jaipur
C	Mumbai
D	Delhi
E	None

Explanation:

Detailed explanation-1: -MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it. Presently, the authorized capital of MUDRA is 1000 crores and paid up capital is 750 crore, fully subscribed by SIDBI.

Detailed explanation-2: -The SIDBI (Small Industries Development Bank of India) is a wholly owned subsidiary of IDBI (Industrial Development Bank of India), established under the special Act of the Parliament 1988 which became operative from April 2, 1990.

Detailed explanation-3: -The SIDBI was established on April 02, 1990 by Government of India, as a wholly owned subsidiary of IDBI Bank .

There is 1 question to complete.