Utkarsh Micro Finance gets final nod to set up Small Finance Bank

Varanasi-based micro-finance institution, Utkarsh Micro Finance has received the final license from the Reserve Bank of India (RBI) to start operations as Small Finance Bank (SFB). In October 2015, Utkarsh Micro Finance had got the “in-principle” approval to set up SFB as per the guidelines issued by the RBI.
So, let’s discuss some questions related to this post:
Q1. Name the Micro-finance institution, Which has received the final license from the Reserve Bank of India (RBI) to start operations as Small Finance Bank?
Answer: Utkarsh
Source – Business Standard

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