Current Affairs

RBI made Jana Small Finance Bank a Scheduled Bank

Current context: RBI gave the Bengaluru-headquartered Jana Small Finance Bank Ltd, the status of a scheduled bank on 8th August 2019.
RBI made Jana Small Finance Bank a Scheduled Bank
  • The Jana Bank was established in 2009 as a financial services company and opened its banking operations in 2018.
  • It presently operates in 260 branches and 338 asset centres serving over 5.5 million customers across 20 states and 1 Union territory.
  • The government has put the bank on the list of banks included in the second schedule of RBI Act 1934.
  • To provide financial inclusion to the underserved sections of the society is the main aim of the Bank and also includes small and marginal farmers, small business units and, micro and small industries.
  • Ajay Kanwal is the present MD & CEO of Jana Small Finance Bank.

Question: 

Q.1 Which out of the following banks has recently got the status of scheduled Bank by RBI?
a. Allahabad Bank
b. Coastal Local Area Bank Ltd.
c. Jana Small Finance Bank Ltd.
d. Amarnath Co-operative Bank Ltd.
RBI made Jana Small Finance Bank a Scheduled Bank RBI made Jana Small Finance Bank a Scheduled Bank Reviewed by Neha on August 09, 2019 Rating: 5

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