On 07th October 2015, Ujjivan Financial Services Private Ltd has received an in-principle approval from the RBI to set up a small finance bank. Where is headquarter of Ujjivan Financial Services Private Ltd small finance bank?

BANKING GENERAL KNOWLEDGE

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

A	Kochin
B	Jaipur
C	Mumbai
D	Bengaluru

Explanation:

Detailed explanation-1: -Head Office And South Regional Office 27, 3rd ‘A’ Cross, 18th Main, 6th Block, Koramangala, Bengaluru-560 095, Karnataka.

Detailed explanation-2: -Shivalik Mercantile Co-operative Bank (SMCB) is the first Urban Co-operative bank that has received in-principal approval from RBI to become Small Finance Bank.

Detailed explanation-3: -The Reserve Bank of India (RBI) has approved the appointment of Ittira Davis as the managing director and chief executive officer (MD & CEO) of Ujjivan Small Finance Bank (SFB) for a one-year term effective January 14.

Detailed explanation-4: -The merger between Ujjivan Financial Services Limited (Transferor Company) and Ujjivan SFB (Transferee Company), which was recommended by the Audit Committee and the Committee of Independent Directors, was given inter-alia approval by the Board of Directors of the company at its meeting held today.

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