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:
On 27th June every year, the world observes the Micro-, Small and Medium-sized Enterprises (MSME)…
Nestled in the scenic hills of Lonavala in Maharashtra, Lohagad Fort is one of India's…
The term "Third World Country" is widely used today, but its meaning has changed significantly…
ndia has launched Air Suvidha 2.0, a fully digital and contactless passenger health declaration platform…
The Ministry of External Affairs (MEA) has opened nearly 300 Toshakhana gifts for public e-auction…
The Mukhyamantri Kisan Sahay Yojana (MKSY) is a farmer welfare scheme launched by the Government…