Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.156)

156. 

Which bank in partnership with KFin Technologies launched 'Loan against Securities' to provide complete Digital loan against Mutual Fund?

[A]. ICICI Bank
[B]. Yes Bank
[C]. HDFC Bank
[D]. PNB

Answer: Option B

Explanation:

Yes Bank in partnership with KFin Technologies Private Limited has launched 'Loan against Securities', a unique digital solution that enables customers to lien mark their mutual funds digitally and avail quick and hassle-free loans. The digital solution is launched under YES BANK's 'Loan in Seconds' platform, which allows the customers to set an instant credit limit against securities held.

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