In which of the following cities is the corporate office of North East Small Finance Bank located?
North East Small Finance Bank Corporate Office Location Explained
The question asks about the location of the corporate office for North East Small Finance Bank. Identifying the correct location is important for understanding the bank's central administrative hub.
Based on the information about the North East Small Finance Bank, its corporate operations are centered in one of the major cities in the North Eastern region of India.
Let's consider the provided options:
- Guwahati
- Agartala
- Imphal
- Shillong
The corporate office, which is the primary administrative and decision-making centre for the bank, is located in Guwahati. Guwahati is a major city in the state of Assam and serves as a key commercial and educational hub for the North Eastern region.
Therefore, among the given options, Guwahati is the correct location for the corporate office of North East Small Finance Bank.
| City | Is it the Corporate Office? |
|---|---|
| Guwahati | Yes |
| Agartala | No |
| Imphal | No |
| Shillong | No |
Understanding Small Finance Banks and Their Offices
Small Finance Banks (SFBs) are a category of banks in India established with the primary objective of serving basic banking needs of the unserved and underserved sections of society, including small business units, marginal farmers, micro and small industries, and the unorganised sector. They are regulated by the Reserve Bank of India (RBI).
A bank typically has a registered office and a corporate office. The registered office is the official address registered with the regulatory authorities, while the corporate office is usually where the key management and administrative functions are performed. For North East Small Finance Bank, Guwahati serves as this central corporate hub.
Revision Table: Key Facts on North East Small Finance Bank
| Aspect | Detail |
|---|---|
| Bank Name | North East Small Finance Bank (NESFB) |
| Type of Bank | Small Finance Bank (SFB) |
| Region Served Primarily | North Eastern India |
| Corporate Office Location | Guwahati, Assam |
| Regulatory Body | Reserve Bank of India (RBI) |
Additional Information on Small Finance Banks
- SFBs can accept deposits and lend money, just like commercial banks.
- They focus on providing financial services to segments of the population that traditionally have limited access to banking facilities.
- They are required to maintain a certain percentage of their Adjusted Net Bank Credit (ANBC) towards Priority Sector Lending (PSL).
- SFBs play a crucial role in promoting financial inclusion across India, especially in regions like the North East.
Important Questions from Payment and Small Finance Banks
Who is the founder of Grameen Bank?
In relation to payment banks, which of the following statements is INCORRECT?
____ was the first payments bank to start its commercial operation in November 2016 on a pilot basis.
Which of the following activities can be undertaken by a payment bank in India, as per RBI guidelines?
(i) Acceptance of demand deposits
(ii) Acceptance of time deposits
(iii) Issue of debit cards
(iv) Issue credit cardsUnder which scheme are collateral free loans of up to ₹10 Lakh extended by the Member Lending Institutions (MLIs) in India?
