Which bank has become the India's 1st urban co-operative bank to convert into SFB under the voluntary transition scheme?

1. 

Which bank has become the India's 1st urban co-operative bank to convert into SFB under the voluntary transition scheme?
[A]. Dena Bank
[B]. SBI
[C]. Shivalik Mercantile Co-operative Bank
[D]. Yes Bank

Answer: Option C

Explanation:

The UP based Shivalik Mercantile Co-operative Bank (SMCB) has become the first urban co-operative bank (UCB) in India to receive a license from RBI to operate as a Small Finance Bank.

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