Shivalik Mercantile Co operative Bank SMCB has become the first urban co operative bank UCB in India...........

Current GK ( Master) Banking Awareness

Shivalik Mercantile Co-operative Bank (SMCB) has become the first urban co-operative bank (UCB) in India to receive licence from RBI to operate as a Small Finance Bank (SFB). Where is the Headquarters of the Bank ?

Lucknow, Uttar Pradesh

Amritsar, Punjab

Sonipat, Haryana

Saharanpur, Uttar Pradesh

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Explanation:

Uttar Pradesh-based Shivalik Mercantile Co-operative Bank (SMCB) has become the first urban co-operative bank (UCB) in India to receive licence from RBI to operate as a Small Finance Bank (SFB).
The Shivalik Small Finance Bank (SSFB) will start its banking operations from April 2021.
Shivalik Mercantile Co-operative Bank (SMCB) headquarter - Saharanpur, Uttar Pradesh.