Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1305)

2020-06-25 Banking

1305.

Which Bank launched a new product 'KBL Micro Mitra' for Micro, Small and Medium Enterprises?

Karnataka Bank

RBL Bank

Tamilnad Mercantile Bank

Jammu & Kashmir Bank

Answer: Option

Explanation:

Karnataka Bank launched a new product 'KBL Micro Mitra' for Micro, Small and Medium Enterprises(MSMEs). This product will provide financial assistance up to Rs 10 lakhs to the Micro manufacturing and service enterprises for working capital or for investment purposes.