BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

SIDBI is the principal development financial institution in India headquartered in Lucknow with branches all over India. What is the meaning of “S” in SIDBI?

A	Short
B	Scheme
C	Securities
D	Small

Explanation:

Detailed explanation-1: -The Small Industries Development Bank of India (SIDBI) is a development financial institution in India that was established in 1990 by the Government of India to provide financial and non-financial assistance to small-scale industries and micro, small, and medium enterprises (MSMEs) in India.

Detailed explanation-2: -SIDBI is the Principal Financial Institution engaged in promotion, financing & development of the Micro, Small and Medium Enterprises (MSMEs) sector and coordination of the functions of the various institutions engaged in similar activities.

Detailed explanation-3: -ATMA RAM HOUSE, 1 Tolstoy Marg, New Delhi-110001.

There is 1 question to complete.