CURRENT AFFAIRS

Detailed explanation-1: -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-2: -Notes: Capital Small Finance Bank Ltd is the country’s first small finance bank opened in Jalandhar.

Detailed explanation-3: -Yes, you can open an NRI account online by filling up the form and sending the Account opening form and Documents attested by officials of Equitas Small Finance Bank / Your Banker Abroad/ Notary Abroad / Indian Embassy and Yourself (Self attestation).

Detailed explanation-4: -Capital Small Finance Bank Limited started operations as India’s 1st Small Finance Bank on April 24, 2016 after conversion from Capital Local Area Bank. Prior to conversion to a Small Finance Bank, Capital Local Area Bank was operating as India’s largest local area bank since January 14, 2000.