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Which bank on November 2, 2017, received RBI's approval to operate as Scheduled Commercial Bank?1). Airtel Payments Bank Limited2). Zerodha3). AU Small Finance4). Muthoot Finance |
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Answer» AU Small FINANCE BANK has received an approval from RBI to operate as Scheduled Commercial Bank. On acquiring the status of Scheduled Commercial Bank, AU Small Finance Bank will now be ABLE to do borrowing and lending with RBI under Liquidity Adjustment Facility (LAF) and Marginal STANDING Facility (MSF). Now, it can even issue Certificate of Deposits (CDs) at competitive interest rates. |
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