Which bank has launched the Indias First Digital Loans Against Securities

2017

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

Which bank has launched the India’s First Digital Loans Against Securities

A	Axis Bank
B	HDFC Bank
C	SBI
D	ICICI Bank

Explanation:

Detailed explanation-1: -Mumbai, March 15, 2017: In a first in the country, HDFC Bank Ltd., today launched an instant Digital Loan against Securities (LAS). Customers can now avail of a loan against shares in just 3 easy steps on Net Banking.

Detailed explanation-2: -HDFC Bank is the first Bank to offer, Digital Loan Against Mutual Funds (LAMF). You can pledge mutual fund investments online and get an overdraft limit set in your account.

Detailed explanation-3: -A pathbreaking new product in this space is HDFC Bank’s Digital LAS, which automates and significantly speeds up the process of getting a loan against shares in just 3 simple steps.

Detailed explanation-4: -Loan against security is a loan advance to a customer against a pledge of security. It can be loan against insurance policy, mutual funds, National Savings Certificate and other securities. Loan against security can be given against the following securities: Insurance policies. Non-convertible debentures.

Detailed explanation-5: -Loan Against Securities (LAS)-Apply for Loan Against Securities Instantly with YES BANK. PERSONAL. BUSINESS.

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