Where is the headquarter of Jana Small Finance Bank?

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IBPS SO 28th Dec 2019 (Rajbhasha and Law Officer) Prelims Memory Based Paper
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  1. Jaipur
  2. Bengaluru
  3. Chennai
  4. Mumbai
  5. Guwahati

Answer (Detailed Solution Below)

Option 2 : Bengaluru
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The correct answer is option 2 i.e Bengaluru

  • The Small Finance Bank (SFB) is a private financial institution intended to further the objective of financial inclusion by primarily undertaking basic banking activities of acceptance of deposits and lending to un-served and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganised sector entities, but without any restriction in the area of operations, unlike Regional Rural Banks or Local Area Banks.
  • The minimum capital for Small Finance and Payment Banks has prescribed at Rs. 200 crores.
  • The promoter's minimum initial contribution to the paid-up equity capital of such small finance bank shall at least be 40 per cent and gradually brought down to 26 per cent within 12 years from the date of commencement of business of the bank.

 

Small Finance Bank  Headquarters
Au Small Finance Bank Limited Jaipur
Capital Lab Small Finance Bank Jalandhar
Equitas Small Finance Bank Chennai
ESAF Small Finance Bank Thrissur 
FINCARE Small Finance Bank Limited Bengaluru
Jana Small Finance Bank Bengaluru
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