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RBI Grade B Phase 1 PYP >> Sep 8, 2024 - Shift 2 >> General Awareness

Question :

In a significant development in the Indian banking sector, Fincare Small Finance Bank merged with which of the following banks to enhance its financial services and market reach?

1. Ujjivan Small Finance Bank

2. Equitas Small Finance Bank

3. AU Small Finance Bank

4. Jana Small Finance Bank

5. Suryoday Small Finance Bank

Correct Answer : 3
Solution :

• In 2024, Fincare Small Finance Bank officially merged with AU Small Finance Bank, creating a stronger entity in India's small finance banking sector.

• AU Small Finance Bank, headquartered in Jaipur, is one of the largest SFBs in India, offering a wide range of banking and lending services.

• The merger aims to expand the customer base, improve financial inclusion, and strengthen the digital banking ecosystem.

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Record Breaking Results in 2024-25 🎉

Niranjan Jain

Niranjan Jain

Rank #1

SBI PO

▶
Amit Mandal

Amit Mandal

Rank #1

IBPS PO

▶
S B Tanay Gaurav

S B Tanay Gaurav

Rank #1

RBI Gr. B

▶
Shubham Agrawal

Shubham Agrawal

Rank #1

SSC CGL

▶
Manjot Singh

Manjot Singh

Rank #1

SSC CGL (JSO)

▶
Rohit Chadhar

Rohit Chadhar

Rank #1

SSC CHSL

▶
Shekhar Kumar

Shekhar Kumar

Rank #8

RBI Gr. B

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