Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.94)

94. 

Which bank partnered with Bayer's Better Life Farming initiative in India?

[A]. Yes Bank
[B]. HDFC
[C]. Axis Bank
[D]. IDBI Bank

Answer: Option C

Explanation:

Axis Bank, India's third largest private sector bank has joined Bayer's Better Life Farming initiative in India to provide enhanced and holistic financial solutions to smallholder farmers and rural farming communities. Through the partnership, Axis Bank will offer a wide range of end-to-end financial solutions and services like affordably priced loans, deposits, withdrawals, payments etc. Digital financial solutions and doorstep delivery of these services will be an integral part of the Bank's offering to ensure convenient and hassle-free transactions. These solutions will be offered through Bayer's Better Life Farming centers which are owned and operated either by a Farmer Producer Organization (FPO), Federation, agri-graduate or a local farmer/entrepreneur.

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