BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Which of the following small finance bank (SFB) has got RBI approval to operate as a scheduled bank?

A	Capital Lab SFB
B	Equitas SFB
C	Bajaj SFB
D	ESAF SFB

Explanation:

Detailed explanation-1: -Before becoming a bank, ESAF was a non-banking finance company and microfinance institution (NBFC-MFI), licensed by the Reserve Bank of India (RBI) and headquartered in Thrissur city of Kerala.

Detailed explanation-2: -Scheduled Bank with NRE Status.

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: -Ujjivan Small Finance Bank Limited commences operations 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.

There is 1 question to complete.