Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.26)

26. 

The Shivalik Small Finance Bank Limited has received the license under which Section of the RBI Act to begin operating as SFB?

[A]. Section 22 (1)
[B]. Section 20 (1)
[C]. Section 21 (1)
[D]. Section 25 (1)

Answer: Option A

Explanation:

The Shivalik Small Finance Bank Limited has received the licence from RBI under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.

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