In January 2020, to which of the following has RBI granted “in-principle” approval for the transition into a Small Finance Bank (SFB)?

Rajkot Nagrik Sahakari Bank Ltd.

Madhavpura Mercantile Co-operative Bank Limited

Shivalik Mercantile Co-operative Bank Limited

In January 2020, to which of the following has RBI granted “in-princ

1.	In January 2020, to which of the following has RBI granted “in-principle” approval for the transition into a Small Finance Bank (SFB)?
A.	Madhavpura Mercantile Co-operative Bank Limited
B.	Shivalik Mercantile Co-operative Bank Limited
C.	Rajkot Nagrik Sahakari Bank Ltd.
D.	Amanath Co-operative Bank Ltd.
E.	Bharati Sahakari Bank Limited
Answer» C. Rajkot Nagrik Sahakari Bank Ltd.

Discussion

No Comment Found

Related MCQs

In April 2020, RBI cancelled the license of which of the following Urban Co-operative Banks and set up the course for liquidation?
In December 2019, RBI has introduced a new semi-closed prepaid payment instrument (PPI) which can be used for the transaction of goods and services up to a limit of how many rupees?
According to RBI guidelines, the term “Bulk Deposit” is used for single Rupee Term Deposit of ____
In which year did India get its Central Bank?
In January 2020, to which of the following has RBI granted “in-principle” approval for the transition into a Small Finance Bank (SFB)?
As per the guidelines issued by the RBI in September 2017, all Peer-to-Peer lending (P2P) platforms will be treated as ________.
In January 2020, RBI said select banks in India can offer forex rates to Indian clients beyond the inter-bank market hours. These banks currently run from ________.
In September 2020, the Reserve Bank of India decided to introduce the 'positive pay system' from 1 January 2021 for cheques, under which re-confirmation of key details may be needed for payments beyond ______.
In December 2019, the RBI will simultaneously purchase and sell government securities worth how many crores under a special Open Market Operation (OMO)?
Examine the following statements:A. Repo rate is the rate at which the Reserve Bank of India borrows money from commercial banks within India.B. Reverse repo rate is the rate at which the RBI lends money to commercial banks in the event of any shortfall of funds.C. The RBI increased the repo-rate and reverse repo rate by 25 basis points to 6.5% and 6.25%, respectively on August 1, 2018Choose the correct answer:

In January 2020, to which of the following has RBI granted “in-principle” approval for the transition into a Small Finance Bank (SFB)?

Discussion

No Comment Found

Related MCQs

Reply to Comment