Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.200)

200. 

Which of the following financial service company won the Celent Model Bank 2019 Award?

[A]. Equitas Small Finance Bank
[B]. Ujjivan Small Finance Bank
[C]. AU Small Finance Bank
[D]. Fincare Small Finance Bank

Answer: Option D

Explanation:

Fincare Small Finance Bank (SFB) honoured with the prestigious Celent Model Bank 2019 Award in Financial Inclusion category, for 'Redesigning Lending to Reach Small Businesses'. The award recognizes LAP (Loans against Property) D.Lite, which is a tab-based solution designed and developed in-house by Fincare SFB for instant underwriting of loans against property targeted at micro and small enterprises. The Award was announced on its 12th anniversary in 2019 and was organized by Celent in New York. The other banks to receive the award in other categories were Bank of America, CIBC, Fidor Bank, HSBC, Rabobank, and Santander.

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