CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Finance Bank has signed a partnership agreement with fintech firm, Indiagold to launch India’s first Loan against Digital Gold?
A
Shivalik Small Finance Bank
B
Equitas Small Finance Bank
C
Suryoday Small Finance Bank
D
ESAF Small Finance Bank
Explanation: 

Detailed explanation-1: -Detailed Solution. The correct answer is Shivalik Small Finance Bank . Shivalik Small Finance Bank (SSFB) signed a partnership agreement with fintech firm Indiagold to launch a loan against digital gold.

Detailed explanation-2: -Shivalik Small Finance Bank (SSFB) signed a partnership agreement with fintech firm, Indiagold to launch India’s first Loan against Digital Gold. This agreement will enable customers to use their digital gold balance to avail of instant and digital loans up to Rs.

Detailed explanation-3: -Digital gold loans allow borrowers to get a disbursal right at their doorstep and discreetly at that. They don’t need to go to the lender’s branch and can instead hand over their gold to an executive, who will come visit them, have it valued, and get the loan disbursed in just about 30 minutes.

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