Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.100)

100. 

Which bank in partnership with Computer Age Management Services launched 'Insta Loans against Mutual Funds', a facility for retail customers to avail loans upto Rs 1 crore?

[A]. Bank of Maharashtra
[B]. ICICI Bank
[C]. HDFC Bank
[D]. Indian Bank

Answer: Option B

Explanation:

ICICI Bank in partnership with Computer Age Management Services(CAMS) launched 'Insta Loans against Mutual Funds', a facility for retail customers to avail loans upto Rs 1 crore instantly by pledging their holdings in both debt and equity Mutual Funds(MFs).

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