Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 2033)

2017-08-31 Banking

2033.

This bank receives scheduled bank status from Reserve Bank of India recently?

Equitas Small Finance Bank

Ujjivan Small Finance Bank

Janalakshmi Small Finance Bank

Suryoday Small finance bank

Answer: Option

Explanation:

Ujjivan Small Finance Bank (SFB) is a wholly-owned subsidiary of Ujjivan Financial Services Limited included in the second scheduled to the RBI Act 1934 on 30th Aug 2017. This grants the 'Scheduled Bank' status to Ujjivan Small Finance Bank' from the date of notification.