Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1291)

2020-07-05 Banking

1291.

Which Bank announced that it will offer 'ZipDrive', an online instant auto loan to its customers in 1,000 cities?

HDFC Bank

ICICI Bank

Axis Bank

Canara Bank

Answer: Option

Explanation:

HDFC Bank announced that it will offer 'ZipDrive', an online instant auto loan to its customers in 1,000 cities. The auto loan disbursal product is only for customers with pre-approved offers. It is a technology-enabled loan product where credit assessment is done by banking software.