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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.
 

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