Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1288)

2020-07-08 Banking

1288.

Which bank launched a digital solution, 'Loan in Seconds' for instant disbursement of retail loans?

IndusInd Bank

Federal Bank

Dhanlaxmi Bank

YES Bank

Answer: Option

Explanation:

YES Bank launched a digital solution, 'Loan in Seconds' for instant disbursement of retail loans. It is available for the bank's pre-approved liability account holders. The algorithm evaluates the loan application in real-time and eliminates the need for documentation.