CURRENT AFFAIRS

Detailed explanation-1: -(Ujjivan SFB) commenced operations with five pilot branches in Bengaluru which will provide full service offerings.

Detailed explanation-2: -Capital Small Finance Bank (erstwhile Capital Local Area Bank) is the India’s first small finance bank founded in April 2016 as a microfinance lender, with its headquarters in Jalandhar, India.

Detailed explanation-3: -Ujjivan Financial Services Limited (UFSL) commenced operations as an NBFC in 2005, with the mission to provide a full range of financial services to the ‘economically active poor’ who were not adequately served by financial institutions.