Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.112)

112. 

Which bank launched new gold loan scheme?

[A]. KVGB
[B]. PNB
[C]. SDB
[D]. None of these

Answer: Option A

Explanation:

The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB) has launched a special gold loan scheme -- Vikas Laghu Suvarna -- with a reduced interest rate of 7.25 per cent. Quoting P Gopi Krishna, Chairman of the bank, a press release said on Friday that the bank has reduced the rate of interest to provide easy and affordable credit to needy customers at a cheaper cost considering the pandemic situation in the country.

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