To spread credit inclusion, Unnati Credit Card was launched by

2017

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

To spread credit inclusion, ‘Unnati Credit Card’ was launched by

A	State Bank of India
B	Canara Bank
C	Indian Overseas Bank
D	Allahabad Bank

Explanation:

Detailed explanation-1: -SBI has launched the ‘Unnati Credit Card’ in 2017 to enhance credit inclusion in India.

Detailed explanation-2: -BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda (BoB), and CreditAI Fintech Pvt. Ltd. (CAI), a Singapore and Bengaluru-based farmer digitisation and credit scoring company, on Thursday launched Unnati, a credit card exclusively for farmers to purchase farm inputs.

Detailed explanation-3: -The State Bank of India (SBI) has introduced the Unnati card, a new credit card. An account holder with a balance of Rs. 25, 000 or more is eligible for the Unnati card. For the first four years, SBI will not collect an annual card fee.

Detailed explanation-4: -Central Bank of India was the first Bank to introduce credit cards in India.

Detailed explanation-5: -BankAmericard. Launched by Bank of America® as the first consumer credit card in 1958, BankAmericard was also the first card to offer revolving credit. In 1976, BankAmericard became known as Visa®-now a global corporation.

There is 1 question to complete.