Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1214)

2020-09-11 Banking

1214.

Which bank is going to launch new loan scheme SAFAL for organic cotton growers?

RBI

SBI

PNB

HDFC

Answer: Option

Explanation:

State Bank of India is planning to launch a loan product named "SAFAL" for organic cotton growers. The product Safe and Fast Agriculture Loan (SAFAL) is primarily focussed on organic cotton growers who don't have any credit history. SBI will use Artificial Intelligence (AI) and Machine Learning (ML) for this purpose.