2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank of Maharashtra
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ICICI Bank
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HDFC Bank
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Indian Bank
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Detailed explanation-1: -ICICI bank Launched a Facility, ‘Insta Loans against Mutual Funds’, in Partnership with Computer Age Management Services.
Detailed explanation-2: -Mumbai: ICICI Bank announced the launch of a facility that enables retail customers to get loan of up to Rs. 1 crore instantaneously by pledging their holdings in both debt and equity schemes of mutual funds.
Detailed explanation-3: -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-4: -The AMC is a joint venture between ICICI Bank, a well-known and trusted name in financial services in India and Prudential Plc, one of UK’s largest players in the financial services sectors.
Detailed explanation-5: -Loan against securities is a loan where you pledge your shares, mutual funds or life insurance policies as collateral to the bank against your loan amount.