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

    Question

    Which of the following private sector Bank partners with

    retail tech platform Arzooo to launch purchase cards that have been exclusively designed for offline retailers?
    A IDBI Bank Correct Answer Incorrect Answer
    B ICICI Bank Correct Answer Incorrect Answer
    C HDFC Bank Correct Answer Incorrect Answer
    D Axis Bank Correct Answer Incorrect Answer
    E Yes Bank Correct Answer Incorrect Answer

    Solution

    HDFC Bank partners with retail tech platform Arzooo to launch purchase cards that have been exclusively designed for offline retailers. The aim is to roll out over one lakh such credit cards over the next 12 months. The initiative will immediately benefit over 40,000 retail partners already on the Arzooo platform in addition to several other small and mid-sized retailers as they will now have easy access to capital. The key feature of this card is that it offers interest-free credit for up to a month and a credit limit of up to Rs1 crore.

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