GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Utkarsh Micro Finance
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Capital Local Area Bank
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Ujjivan Financial Services
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Disha Microfin Private Limited
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Detailed explanation-1: -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.
Detailed explanation-2: -Detailed Solution. The correct answer is Rs. 200 Cr. The minimum capital for Small Finance is prescribed at Rs.
Detailed explanation-3: -Equitas Small Finance Bank Profile: One of the top Small Finance Banks (SFB) in India is Equitas Bank.
Detailed explanation-4: -Capital Small Finance Bank Ltd. commenced its operations as a small finance bank (SFB) with effect from April 24, 2016. 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.