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    Question

    MUDRA Bank is a public sector financial institution in

    India, it is a subsidiary of ____________ .
    A RBI Correct Answer Incorrect Answer
    B SBI Correct Answer Incorrect Answer
    C SIDBI Correct Answer Incorrect Answer
    D NITI Aayog Correct Answer Incorrect Answer
    E SEBI Correct Answer Incorrect Answer

    Solution

    MUDRA has been initially formed as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI) with 100% capital being contributed by it. Presently, the authorized capital of MUDRA is 1000 crores and paid up capital is 750 crore, fully subscribed by SIDBI.

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