Shivalik, first UCB to convert into Small finance bank
Shivalik Mercantile Co-operative Bank Limited has become the first urban cooperative bank (UCB) that has been granted ‘in-principle’ permission to convert into a small finance bank by the Reserve Bank of India.Yashvir Kumar Gupta is Chairman of the bank.
Did you Know
The ‘in-principle’ approval will be valid for 18 months