Important Points to know about MUDRA Bank:-

MICRO UNITS DEVELOPMENT & REFINANCE AGENCY (MUDRA) BANK
Headquarters - New Delhi 
Announcement - February 2015, in Union Budget of India 2015 by Finance Minister Arun Jaitley.
Launched on - April 2015 by Prime Minister Narendra Modi
Chief Executive Officer (CEO) - Mr. Jiji Mammen , previously worked as the Chief General Manager of NABARD.

IMPORTANT THINGS TO KNOW: 
1.) MUDRA bank is a public sector financial institution that provides loans at low rates to microfinance institutions and non-banking financial institutions.
2.) This bank comes under the Pradhan Mantri MUDRA Yojana scheme to provide services to small entrepreneurs outside the service area of regular banks. 
3.) Initial capital fund allotted for the bank is 20,000 crore.
4.) Credit guarantee fund is 3000 crore. 
5.) Initially the bank functions as non-banking financial company and a subsidiary of the Small Industries Development Bank of India(SIDBI).
6.) Will act as a regulator for the micro finance institutions(MFI), providing refinancing services and guidelines to MFI.