Current Affairs - Banking - Discussion

ICICI bank has launched a debit card facility for the customers availing the Loan Against Securities (LAS) from the Bank. The debit card is available on the Visa platform. With this launch, ICICI Bank has become the first bank in India to launch such a facility. The LAS debit can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount.