Who is the founder of Grameen Bank?
Muhammad Yunus
Grameen Bank Founder Identified
Grameen Bank was founded by Muhammad Yunus.
He is a Bangladeshi social entrepreneur and economist, widely recognized for pioneering microcredit and establishing Grameen Bank to provide financial services to the impoverished.
His work earned him the Nobel Peace Prize in 2006.
Important Questions from Payment and Small Finance Banks
____ 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 cardsThe establishment of 'Payment Banks' is being allowed in India to promote financial inclusion. Which of the following statements is/are correct in this context?
1. Mobile telephone companies and supermarket chains that are owned and controlled by residents are eligible to be promoters of Payment Banks.
2. Payment Banks can issue both credit cards and debit cards.
3. Payment Banks cannot undertake lending activities.
Select the correct answer using the code given below.
In which of the following cities is the corporate office of North East Small Finance Bank located?
Under which scheme are collateral free loans of up to ₹10 Lakh extended by the Member Lending Institutions (MLIs) in India?
