Question
Which bank launched India’s first comprehensive digital ecosystem for all micro, small and medium enterprises (MSMEs) in the country, including customers of other banks?
Solution
MSMEs, who are customers of other banks, can avail of a host of services by logging in as a ‘Guest’ in the InstaBIZ app. One of the services it provides is sanction of instant and paperless overdraft facility up to Rs 25 lakh through ‘InstaOD Plus’, which enables customers of any bank to avail of an overdraft instantly.
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