Which of the following is the first micro finance company to start operation as a commercial bank?

Oriental Bank of Commerce

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State Bank of India

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Reserve Bank of India

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Punjab National Bank

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Bandhan

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Solution

The correct option is E Bandhan
Bandhan is the first microfinance company to start operation as a commercial bank.

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Similar questions

Bandhan Financial Services, a Micro Financial Institution (MFI), on 23 August 2015 started operations as a Scheduled Commercial Bank (SCB). Henceforth it will be called as Bandhan Bank. Consider the following statements:

Which of the above statement(s) is/are incorrect?

Only 1 & 3
Only 4
Only 2 & 4
Only 1, 2 & 4

4. Consider the following statements, regarding MUDRA Bank,

1] This Bank would be responsible for regulating and refinancing all Micro-finance Institutions (MFI) which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities.

2] The Bank would partner with state level/regional level co-ordinators to provide finance to Last Mile Financer of small/micro business enterprises.

Which of the above statements is/are incorrect?

Which of the following is the first commercial bank in India?

Loans from commercial banks is a flexible source of finance.

Q. Micro-credit or micro-finance is a novel approach to banking with the poor. In this approach bank credit is extended to the poor through ______________.

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Which of the following is the first micro finance company to start operation as a commercial bank?

The correct option is E Bandhan Bandhan is the first microfinance company to start operation as a commercial bank.

The correct option is E Bandhan
Bandhan is the first microfinance company to start operation as a commercial bank.