CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has launchd a digital solution, “LOAN IN SECONDS’for instant disbursement of retail loans?
A
HDFC bank
B
YES bank
C
AXIS bank
D
SBIN bank
Explanation: 

Detailed explanation-1: -Disclaimer: Terms and conditions apply. Personal Loan-Loan in Seconds is available for pre-approved salary account holders of YES Bank. Credit at the sole discretion of YES BANK Ltd.

Detailed explanation-2: -Axis Bank 24x7 Loans offer you an end-to-end digital, instant and simple process to avail funds depending upon your need.

Detailed explanation-3: -Which Indian Public sector bank has launched a Digital Lending Platform (DLP) for retail loans? Notes: Bank of Baroda (BoB) has recently launched a Digital lending platform (DLP) to enable retail clients to get loans digitally through a paperless process.

Detailed explanation-4: -A pathbreaking new product in this space is HDFC Bank’s Digital LAS, which automates and significantly speeds up the process of getting a loan against shares in just 3 simple steps.

Detailed explanation-5: -YES Bank Personal Loan is offered 10.49% p.a. onwards for loan amount of up to Rs 40 lakh and for tenure of up to 5 years. YES Bank also claims to process the loan application within 5 days of making application and disburses the loan amount within a few hours of its sanction.

There is 1 question to complete.