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    Question

    Which private sector bank had launched India’s

    ‘open-for-all’ digital ecosystem for MSMEs?
    A HDFC Bank Correct Answer Incorrect Answer
    B Standard Chartered Bank Correct Answer Incorrect Answer
    C HSBC Correct Answer Incorrect Answer
    D ICICI Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    ICICI Bank has launched India’s first ‘open-for-all’ comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs), which can also be used by the customers of other banks. Anyone can use the benefits of digital solutions on the InstaBIZ app. MSMEs customers of other banks can avail of a host of services by logging in as a ‘Guest’ in the app. It provides sanctions of instant and paperless overdraft facility up to Rs 25 lakh through ‘InstaOD Plus’.  

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