CURRENT AFFAIRS

2020

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Which bank launched a digital solution, ‘Loan in Seconds’ for instant disbursement of retail loans?

A	IndusInd Bank
B	Federal Bank
C	Dhanlaxmi Bank
D	YES Bank

Explanation:

Detailed explanation-1: -Personal Loan - Loan in Seconds is available for pre-approved salary account holders of YES Bank.

Detailed explanation-2: -Axis Bank 24x7 Loans offer you an end-to-end digital, instant and simple process to avail funds depending upon your need.

Detailed explanation-3: -Which Indian Public sector bank has launched a Digital Lending Platform (DLP) for retail loans? Notes: Bank of Baroda (BoB) has recently launched a Digital lending platform (DLP) to enable retail clients to get loans digitally through a paperless process.

Detailed explanation-4: -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-5: -Disbursement of loan is when the bank delivers the amount to the borrower after verification and approval. The loan disbursement process does not take a lot of time. After receiving the home loan sanction letter, the disbursement takes 2-3 days. Disbursement meaning in banking is receiving the amount of a loan.

There is 1 question to complete.