CURRENT AFFAIRS

Detailed explanation-1: -Abhishek Mishra. ICICI Bank has launched ‘Open-for-all’ Digital ecosystem for MSMEs. The digital service for Micro, Small and Medium Enterprises (MSMEs) can be used by customers of other banks.

Detailed explanation-2: -ICICI Bank has launched India’s first ‘open-for-all’ comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, which can also be used by the customers of other banks. Anyone can use the benefits of digital solutions on the InstaBIZ app.

Detailed explanation-3: -Private sector lender ICICI Bank on Thursday launched a comprehensive digital ecosystem for micro, small and medium enterprises (MSMEs), including customers of other banks.

Detailed explanation-4: -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-5: -An HDFC digital unit being inaugurated in Faridabad. Prime Minister Narendra Modi inaugurated the first digital bank unit here online from Delhi.