Bandhan Bank - GS questions based on daily current affairs

1)   Consider the following statements

1. Bandhan is India's largest Microfinance company
2. Bandhan was given license by RBI to operate as bank

Which of the above statements is/are correct?


a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: Both

Explanation:
Bandhan to bag one of the only two banking licences given out by RBI in a decade. The other one went to IDFC. Bandhan's field officers extend small loans of mostly between Rs 1,000 and Rs 50,000 to poor women, with a repayment period of two years.