Question : In which year did RBI accord approval to Equitas Holdings to launch a small finance bank?
Option 1: 2019
Option 2: 2012
Option 3: 2016
Option 4: 2009
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Correct Answer: 2016
Solution : The correct answer is 2016.
The Reserve Bank of India (RBI) accorded approval to Equitas Holdings to launch a small finance bank in 2016. Equitas Small Finance Bank commenced its operations as a small finance bank after obtaining the necessary regulatory approvals.
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