CURRENT AFFAIRS

Detailed explanation-1: -Detailed Solution. The correct answer is Bank of Maharashtra. Bank of Maharashtra has tied up with Mahagram, a leading fintech company, to rollout the ‘Bank Sakhi’ project in Odisha. It will provide financial technology and infrastructure support to the project.

Detailed explanation-2: -Fintech startup Mahagram partners with IndusInd Bank to nurture digital payments. Rural NEO Bank Mahagram has tied up with the IndusInd Bank to digitize the nation’s payment ecosystem and provide a wider scope to transact for its customers in rural India.

Detailed explanation-3: -As a Bank Sakhi these women provide a range of financial and non-financial services on behalf of the bank to their communities. The federations are providing capacity development, training, and monitoring support to the Sakhis and supporting them to raise financial awareness in the communities.

Detailed explanation-4: -Notes: Public sector lender, Bank of Maharashtra (BoM) has announced the launch of “Project Banksakhi” in Odisha in collaboration with Mahagram & Sunivesh India Finance Services Pvt. Ltd. for Online Bank Account opening. It will provide doorstep and hassle-free access to the people of Odisha for opening bank accounts.

Detailed explanation-5: -Bank of Maharashtra has tied up with Mahagram to roll out the ‘Bank Sakhi’ project in Odisha. The fintech would provide financial technology and infrastructure support to augment rural financial inclusion.