Utkarsh Micro Finance Limited is registered with Reserve Bank of India as Non-Banking Finance Company-MFI (NBFC-MFI). Where is the registered office and corporate office of Utkarsh Micro Finance Limited?

BANKING GENERAL KNOWLEDGE

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

A	Dehradun, Uttarakhand
B	Varanasi, Uttar Pradesh
C	Bhagalpur, Bihar
D	Siliguri, West Bengal

Explanation:

Detailed explanation-1: -Utkarsh Small Finance Bank Limited has commenced its operations as a small finance bank with effect from January 23, 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: -Microbanking Business Loans (Non-Microfinance): These loans range from 1, 00, 000 to 2, 00, 000 (in the multiple of 10, 000) for the first cycle and for subsequent cycle from 1, 00, 000 to 2, 50, 000 (in the multiple of 10, 000). The repayment tenure for such loans is 24 to 48 months.

Detailed explanation-3: -Our transition from being a NBFC-MFI to becoming a Small Finance Bank illustrates the dedicated work force and the immense opportunity that Utkarsh provides for learning, development and career progression.

Detailed explanation-4: -Utkarsh Small Finance Bank Limited is a Public incorporated on 30 April 2016. It is classified as Non-govt company and is registered at Registrar of Companies, Kanpur.

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