In which of the following city is the headquarters of Equitas Small Finance Bank located?
Chennai
Let's find out the location of the headquarters of Equitas Small Finance Bank. This is a question asking for a specific piece of information about a prominent financial institution in India.
The question provides four potential cities where the headquarters could be located. These options are:
To answer this question correctly, we need to know the official headquarters city of Equitas Small Finance Bank.
Equitas Small Finance Bank is a small finance bank headquartered in India. Such institutions typically have their main administrative office, known as the headquarters, in one specific city.
Based on the official information available about Equitas Small Finance Bank, its headquarters is situated in Chennai.
Therefore, among the given options, Chennai is the correct city.
Equitas Small Finance Bank (ESFB) is one of the leading small finance banks in India. It started its operations as a bank on September 5, 2016. It offers various banking products and services like savings accounts, current accounts, fixed deposits, recurring deposits, loans, and other financial services, primarily focusing on financial inclusion by serving the unbanked and underbanked segments of society.
Understanding the headquarters location of important financial institutions like Equitas Small Finance Bank is helpful for general knowledge and competitive exams.
Here is a quick summary regarding the headquarters location:
| Bank Name | Headquarters City |
|---|---|
| Equitas Small Finance Bank | Chennai |
Small Finance Banks (SFBs) are a new type of bank licensed by the Reserve Bank of India (RBI) to provide basic banking services like accepting deposits and lending to the unserved and underserved sections of the population, including small business units, small and marginal farmers, micro and small industries, and the unorganised sector entities.
Their objective is to promote financial inclusion. They are registered as a public limited company under the Companies Act, 2013 and governed by the provisions of the Banking Regulation Act, 1949, RBI Act, 1934 and the Foreign Exchange Management Act, 1999, except as otherwise specified by RBI.
Knowing the headquarters of key banks, including SFBs like Equitas Small Finance Bank headquartered in Chennai, is important for students preparing for exams.
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