New Enroll in RBI Grade B New Batch - Starts on May 21

    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?
    A SBI Correct Answer Incorrect Answer
    B Bank of Baroda Correct Answer Incorrect Answer
    C Punjab National Bank Correct Answer Incorrect Answer
    D Union Bank of India Correct Answer Incorrect Answer
    E ICICI Bank Correct Answer Incorrect Answer

    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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