CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is Bandhan Bank. Bandhan Bank has created a new vertical - Emerging Entrepreneurs Business (EEB) - to serve unbanked and underbanked entrepreneurs. In addition to microloans, the vertical will also manage micro home loan, micro bazaar loan and micro-enterprise loan.

Detailed explanation-2: -Welcome to Emerging Entrepreneurs: a non-profit platform that equips under-represented founders and future innovators with the tools to achieve their entrepreneurial, career, and educational ambitions.

Detailed explanation-3: -Managing Director and Chief Executive Officer of Bandhan Bank: Chandra Shekhar Ghosh.

Detailed explanation-4: -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. On the day of the launch, the Bank started with 2, 523 banking outlets.

Detailed explanation-5: -Mr. Ghosh has over 30 years of experience in microfinance and development terrain.