CURRENT AFFAIRS

2022

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The ‘AutoFirst’ application has been launched by which bank to offer fully automated auto loans?

A	HDFC Bank
B	IndusInd Bank
C	ICICI Bank
D	Kotak Mahindra Bank

Explanation:

Detailed explanation-1: -HDFC Bank also planned to launch an application ‘AutoFirst’ that will offer fully automated auto loans.

Detailed explanation-2: -HDFC Bank will also launch an application ‘AutoFirst’ that will offer fully automated auto loans. “We don’t want to wait for the most perfect product to launch, we will put together a minimum viable product and upgrade the offerings,” said Parag Rao, country head-payments, HDFC Bank, in an interview with ET.

Detailed explanation-3: -Notes: HDFC Bank has announced to launch the “SmartHub Vyapar programme” & ‘AutoFirst’ app the following two initiatives/application to give a digital push to small business loans. The financial institution has onboarded over 2.7 million retailers and is buying 100 thousand retailers each month.

Detailed explanation-4: -Mumbai, October 6, 2022: HDFC Bank, India’s largest private sector bank with dominant market leadership in merchant acquiring business, today announced the launch of SmartHub Vyapar Merchant app, a comprehensive payments and banking solution designed to fulfill the everyday business needs of merchants.

There is 1 question to complete.