hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    In which year did RBI accord approval to Equitas Holdings to launch a small finance bank?
    Question

    In which year did RBI accord approval to Equitas Holdings to launch a small finance bank?

    A.

    2019

    B.

    2012

    C.

    2016

    D.

    2009
     

    Correct option is C

    The correct answer is (c) 2016
    The Reserve Bank of India (RBI) accorded approval to Equitas Holdings to launch a small finance bank in 2016. This was part of a broader initiative by the RBI to promote financial inclusion by licensing small finance banks to provide financial services to segments of the economy not being sufficiently served by traditional banks.
     

    Free Tests

    Free
    Must Attempt

    SSC GD PYP (Held on 4 Feb 2025 S1)

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Hindi Section Test 1

    languageIcon English
    • pdpQsnIcon20 Questions
    • pdpsheetsIcon40 Marks
    • timerIcon12 Mins
    languageIcon English
    Free
    Must Attempt

    SSC GD Constable Full Mock Test 1

    languageIcon English
    • pdpQsnIcon80 Questions
    • pdpsheetsIcon160 Marks
    • timerIcon60 Mins
    languageIcon English
    test-prime-package

    Access ‘SSC CHSL Tier I’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    354k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow