2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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ICICI Bank
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DBS Bank
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BOI
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Detailed explanation-1: -Q. Which bank has launched digital platform ‘Merchant Stack’ to provide banking services to retail merchants? Notes: India’s leading private lender ICICI Bank recently launched a digital platform ‘Merchant Stack’ to serve over 2 crore retail merchants in the country.
Detailed explanation-2: -April 29, 2021. Mumbai: ICICI Bank today announced the launch of its ‘Merchant Stack’, a set of the country’s most comprehensive digital banking services specially curated for retail merchants.
Detailed explanation-3: -Detailed Solution. The correct answer is Union Bank of India. Union Bank of India has launched its super-app named UnionNXT and digital transformation project SMBHAV. It has been launched with an investment outlay of around Rs 1, 000 crore for the current financial year 2022-23 (FY23).
Detailed explanation-4: -Trade Emerge is an ICICI Bank initiative to offer a one-stop-solution addressing needs of importers and exporters by ensuring requisite services are available under one roof.
Detailed explanation-5: -The ‘Trade Emerge’ portal offers a comprehensive digital suite of various banking and value- added services to the companies engaged in export and import.