The small finance banks can play an important role in the supply of credit to micro and small enterp...........

Finance changing landscape in banking sector

The small finance banks can play an important role in the supply of credit to micro and small enterprises, agriculture and banking services in unbanked and under-banked regions in the country, the RBI has decided to licence new “small finance banks” in the private sector.

Which of the following is/are among the list of listed Small Finance Banks?

I. Equitas Holdings Pvt Ltd.

II. Capital Local Area Bank Ltd.

III. Utkarsh Small Finance Bank Ltd.

IV. Ujjivan Financial Services Ltd.

Only I

Both I and II

Both I and IV

Both III and IV

Explanation:

Utkarsh Small Finance Bank is planning to raise Rs 200 crore in a pre-initial public (IPO) placement in the next few months as it braces for a Rs 1,000 crore equity infusion in two years’ time to comply with a Reserve Bank of India (RBI) mandated deadline.