Which of the following is an example of a microfinance institution (MFI) in India?

Correct option is B

The correct answer is (b) Bandhan Bank.
· Bandhan Bank is an example of a microfinance institution (MFI) in India.
· Bandhan Bank started as a microfinance institution in 2001 and later transitioned into a full-service commercial bank.
· It primarily serves underbanked and unbanked segments, especially in rural and semi-urban areas, offering microfinance services along with other banking products.
· It was established in year 2015 and it's headquarters is in Kolkata, West Bengal.
Facts to remember:
· SBI is a multinational public sector bank and one of the largest banks in India.
· It was established in year 1955 and it's headquarter is situated in Mumbai, Maharashtra.
· ICICI Bank is a multinational banking and financial services company.
· It's one of the largest private sector banks in India established in year 1994.
· Headquarters: Mumbai, Maharashtra