CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who has partnered with Suryoday Small Finance Bank to offer instant digital loans for MSMEs?
A
Paytm
B
BHIM
C
PhonePe
D
Google Pay
Explanation: 

Detailed explanation-1: -"Our partnership aims towards democratizing access to loans for small businesses, merchants & promote financial inclusion. With our collateral-free instant loans, we aim to give MSMEs adequate liquidity to grow and expand, ” said Bhavesh Gupta, CEO, Paytm Lending in a statement.

Detailed explanation-2: -Suryoday Bank will leverage Kyndryl’s advisory and implementation services to deploy and support a new core banking system and integrate with digital channels to deliver a highly agile banking platform that accelerates retail business growth and enhances the bank’s customer experience.

Detailed explanation-3: -Mr. Baskar Babu Ramachandran is the Managing Director and Chief Executive Officer of the Bank. He promoted Suryoday Micro Finance Pvt Ltd.

Detailed explanation-4: -Paytm Partners with Piramal Finance to Offer Loans to Merchants and Small Businesses of India.

Detailed explanation-5: -Suryoday Small Finance Bank Limited is a scheduled commercial bank.

There is 1 question to complete.