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:
The "Stairway to Heaven" is one of the most amazing natural places in the world.…
The Goods and Services Tax (GST) collections of the country has reached the all-time high…
To boost the global health democracy the Aarogya Maitri portable healthcare infrastructure in the Jamaica.…
The Infosys has appointed the Nitin Paranjpe as the its Non-Executive Vice Chairman with the…
Amul is one of the most trusted and loved food brands in India. From butter…
The State Government of Karnataka has introduced the India's first digital grievance redressal system for…