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RBI has recently granted small finance bank licence to Unity Small Finance Bank. It is a consortium of which entities?
A)
Centrum and BharatPe
B)
LIC and L&T Finance
C)
PFC Ltd and Aditya Birla
D)
Tata Capital and Bandhan

Correct Answer :   Centrum and BharatPe


The Reserve Bank of India has granted a banking licence to Unity Small Finance Bank Ltd (USFBL), which was established jointly by the Centrum Financial Services Ltd (CFSL) and Resilient Innovations Private Limited (BharatPe), to carry on a SFB business in India. It is the first time ever that two partners are uniting equally to build a Bank. The proposed business model is one of collaboration and open architecture, uniting all its stakeholders to deliver a seamless digital experience.
 
RBI had accorded “in-principle” approval to CFSL, a wholly-owned subsidiary of Centrum Capital, on June 18 to set up a small finance bank (SFB). Centrum’s MSME and Micro Finance businesses shall be merged into Unity Small Finance Bank.

Published On : October 15, 2021
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