BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which amongst the following banks used Tiny Cards with biometric identification as a part of the financial inclusion?

A	SBI
B	PNB
C	ICICI
D	Axis

Explanation:

Detailed explanation-1: -MUMBAI: The ‘Tiny Card’ with biometric identification is State Bank of India’s (SBI) answer to the challenge of financial inclusion of one lakh villages in the country.

Detailed explanation-2: -The Tiny Card with biometric identification is SBI’s answer to the challenge of financial inclusion of 1, 00, 000 villages in the country.

Detailed explanation-3: -SBI has taken a series of steps to cater to the financial needs of low-income groups/underprivileged society and ensured equal access to financial services for all. … More. The bank is committed to taking banking and the financial system to every nook and corner of the country.

Detailed explanation-4: -Banks can reach out to the underprivileged sections of society by partnering with governments and making financial services available at a nominal cost. Our experts propose adoption of digital channels to realize financial inclusion in developing countries.

There is 1 question to complete.