2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of India
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Bank of Baroda
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State Bank of India
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Bank of Maharashtra
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Detailed explanation-1: -Bank of Maharashtra adopts a village in Sangli for digital transactions.
Detailed explanation-2: -Presently, there are 11 public sector banks, 12 private sector banks, and one small finance bank participating in the digital banking program.
Detailed explanation-3: -Digital banking is the automation of traditional banking services through a digital platform. There are many advantages to digitally-enabled banking, not just for the user, but also for banks.
Detailed explanation-4: -According to the Reserve Bank of India (RBI), a DBU is “a specialised fixed point business unit/hub housing certain minimum digital infrastructure for delivering digital banking products and services as well as servicing existing financial products & services digitally, in both self-service and assisted mode."
Detailed explanation-5: -Recently, the Prime Minister of India has dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation. As part of the Union budget speech for 2022-23, the Finance Minister announced setting up the 75 DBUs in 75 districts to commemorate our country’s 75 years of independence.