Current Affairs   »   Shivalik Small Finance Bank Limited Begins...

Shivalik Small Finance Bank Limited Begins Operations

Shivalik Small Finance Bank Limited Begins Operations_50.1

The UP-based Shivalik Small Finance Bank Limited commenced operations as a Small Finance Bank (SFB) with effect from April 26, 2021. It must be remembered that the Shivalik Mercantile Co-operative Bank (SMCB) is the first urban co-operative bank (UCB) in India to receive licence from RBI to operate as a Small Finance Bank (SFB).

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

The bank 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. Shivalik SFB area of operation is Uttar Pradesh, Delhi, and parts of Madhya Pradesh and Uttarakhand.

Important takeaways for all competitive exams:

  • Shivalik Small Finance Bank Limited MD and CEO: Suveer Kumar Gupta.

Find More Banking News Here

Shivalik Small Finance Bank Limited Begins Operations_60.1

Shivalik Small Finance Bank Limited Begins Operations_70.1

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *