2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ADB
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SBI
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CSB
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SVC
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Detailed explanation-1: -CSB Bank partners with IIFL Finance for gold loan origination via Business correspondent model.
Detailed explanation-2: -CSB Bank has tied up with Edelweiss Tokio Life to offer life insurance solutions through its branch network.
Detailed explanation-3: -How gold loan works? The lender evaluates your provided gold articles and gives the loan amount based on a certain predefined percentage of the total value of your gold based on the current market value. The lender charges interest on the loaned amount and keeps the gold articles safe.
Detailed explanation-4: -Mr. Nirmal Jain is the founder and Chairman of the Company. He holds a PGDM (Post Graduate Diploma in Management) from the Indian Institute of Management (IIM), Ahmedabad and is a rank holder Chartered Accountant and a Cost Accountant. He started his career in 1989 with Hindustan Lever Limited.
Detailed explanation-5: -The full form of IIFL is India Infoline Limited. IIFL is India’s largest diversified financial services company, and its headquarters is in Mumbai. Nirmal Jain founded IIFL in October 1995.