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Question

Which bank announced on 1 October 2024 that it had received an RBI Authorised Dealer Category 1 licence to offer foreign exchange services?

The correct answer is

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank disclosed the licence on 1 October 2024; the RBI approval letter was dated 30 September 2024.

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Important Questions from Banking Affairs

  1. The Department of Financial Services (DFS) notified amalgamation of 26 Regional Rural Banks (RRBs) on the principles of 'One State One RRB' in which phase of amalgamation of RRBs in 2025?
  2. Which of the following organisations launched the Fiscal Health Index for India in 2025?
  3. On which theme did the Reserve Bank of India (RBI) organise a conference for large-sized Non-Banking Financial Companies (NBFCs) in Chennai on 28 March 2025?
  4. Reserve Bank of India advised all banks in India to commence the migration of their existing domains to the '.bank.in' domain and complete the process latest by _________________

  5. In May 2025, the Reserve Bank of India (RBI) approved the renaming of the North East Small Finance Bank to ________.
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