CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is ICICI Bank. ICICI Bank has announced a unique way to assess the creditworthiness of a specific group of customers. The bank will use satellite data imagery to assess the creditworthiness of its customers belonging to the farm sector.

Detailed explanation-2: -ICICI Bank uses satellite data to assess the following: i. Rainfall and temperature data of past years, soil moisture levels in past years, surface water availability, trends in crop sowing including crop name. ii.

Detailed explanation-3: -ICICI Bank has announced the introduction of usage of satellite data-imagery from earth observation satellites-to assess credit worthiness of its customers belonging to the farm sector.

Detailed explanation-4: -2:commercial banks have the highest share in the disbursement of credit to agriculture and allied activities. The commercial banks disburse around 60% credit followed by cooperative banks around 30% and RRB and others.

Detailed explanation-5: -The arrangement of a network of banks into smaller and larger branches. The smaller branches are restricted to a narrower range of services than the larger branches. The larger branches also have more senior managers, with a greater power of discretion to make loans.