Bandhan Bank Ltd. is an Indian banking and financial services company headquartered in Kolkata, West Bengal started as a ____ company.
This questions was previously asked in
IBPS PO Mains-2017
Infrastructure finance
Incorrect AnswerMicro-Finance
Correct AnswerSmall Finance
Incorrect AnswerSmall & Medium Enterprises
Incorrect AnswerOther than the given options
Incorrect AnswerExplanation:
- Bandhan Bank Ltd. started as a micro-finance company in India.
- Correct Answer: Option 2 - Micro-Finance
- Option 1: Infrastructure finance - Involves financing for infrastructure projects, not related to Bandhan’s origin.
- Option 2: Micro-Finance - Bandhan originally focused on micro-loans to underserved individuals; this describes its beginnings accurately.
- Option 3: Small Finance - Refers to banks serving small businesses and low-income households, but not Bandhan’s initial focus.
- Option 4: Small & Medium Enterprises - Involves providing financial services to SMEs, which wasn’t Bandhan’s starting point.
- Option 5: Other than the given options - Not applicable as micro-finance is listed.
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