2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ujjivan Small Finance Bank
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Finopay Small Finance bank
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Equitas Small Finance Bank
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Airtel Small Finance Bank
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Detailed explanation-1: -Ujjivan Small Finance Bank, a wholly-owned subsidiary of Ujjivan Financial Services Ltd, has launched an overdraft (OD) facility for micro and small enterprise (MSE) customers across its branches nationally.
Detailed explanation-2: -The ICICI Bank has launched instant overdraft InstaOD facility for Micro, Small and Medium Enterprises (MSME) in a completely online and paperless manner.
Detailed explanation-3: -SBI offers Overdraft (OD) account against your existing NRE / NRO deposit through internet banking. Overdraft limit is not allowed to be changed by the customer.
Detailed explanation-4: -We provide GST OD, a working capital facility that enables MSMEs to avail an overdraft of upto Rs. 1 crore based on their income reported in GST returns. GST OD offers increased convenience to MSMEs as they can now get sanction of the OD within two working days.