Which micro-finance company is to become Commercial Bank?
Q. Name the micro finance company that becomes the first to start operation as a commercial bank?- Published on 17 Feb 17
a. Pay Tm Bank
b. Vodafone m-Pisa Bank
c. Yes Bank
d. Bandhan Bank
ANSWER: Bandhan Bank
Bandhan Bank Ltd. is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001.
Bandhan received the in-principle approval of the (RBI) for setting up a universal bank in April 2014.
Kolkata-headquartered Bandhan is the first bank to be set up in eastern part of India after Independence.
Bandhan Financial Holdings is owned by Bandhan Financial Services Limited (BFSL), the largest micro finance organization in India.
Tag-line : Aapka Bhala, Sabki Bhalai
Founded : 2001
Headquarter : Kolkata, West Bengal
Current Heads : Ashok Lahiri (Chairman), Chandra Shekhar Ghosh (MD, CEO)