Question
Download Solution PDFIn 2014, Bandhan Financial Services, microlender with Headquarters at ______, was granted in - principal approval by RBI to start a universal bank.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Kolkata.Key Points
- Bandhan Financial Services is headquartered in Kolkata.
- Bandhan Financial Services was granted in-principal approval by RBI to start a universal bank in 2014, which means that they were given permission to set up a new bank, subject to fulfilling certain conditions laid down by the RBI.
- Bandhan Bank, the universal bank started by Bandhan Financial Services, began operations in August 2015 and has since expanded to become one of India's largest banks.
Additional Information
- Bandhan Financial Services was founded in 2001 by Chandra Shekhar Ghosh, a former field officer with BRAC, the Bangladesh-based microfinance organization.
- The organization provides microfinance services to women in rural and semi-urban areas of India, helping them start and grow small businesses.
- Mumbai is the financial capital of India and home to the Reserve Bank of India.
- Pune is a major center for IT and manufacturing industries.
- Lucknow is the capital city of the northern state of Uttar Pradesh.
Last updated on May 28, 2025
-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025.
-> The Exam Date for the SSC CHSL 2025 will be from 8th September 2025 to 18th September, 2025.
-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government.
-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).
-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.