BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SKS Microfinance Private Ltd
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Disha Microfinance Private Ltd
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Arohan Financial Services Private Ltd
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Bandhan Financial Services Private Ltd
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Detailed explanation-1: -2015. Bandhan Bank started operations as a universal bank on August 23. It became the first microfinance company in India to get a universal banking licence.
Detailed explanation-2: -Notes: Bandhan Financial Services Private Ltd is Universal bank.
Detailed explanation-3: -Cashpor is a microfinance institution that works towards bringing the economically backward sections of the society out of poverty. The products offered by the company include credit facilities, savings services, insurance coverage, and pension services.
Detailed explanation-4: -Having pioneered the concept of small finance in the country, Equitas is India’s largest organized microcredit institution by branch network and customer base. It is the fifth bank in India and the first Small Finance Bank to be granted a banking licence by RBI.