Bandhan: India's largest Microfinance company to operate as bank
Q. Consider the following statements
1. Bandhan is India's largest Microfinance company
2. Bandhan was given license by RBI to operate as bank
Which of the above statements is/are correct? - Published on 07 Jun 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Both
Bandhan to bag one of the only two banking licences given out by RBI in a decade. The other one went to IDFC. Bandhan's field officers extend small loans of mostly between Rs 1,000 and Rs 50,000 to poor women, with a repayment period of two years.
