Question

Which of the following statements about Kotak Mahindra

Q: Answer-Which of the following statements about Kotak Mahindra Bank's 'Smart Choice Gold Loan' is/are incorr...

Kotak Mahindra Bank Ltd. KMBL has announced the introduction of Smart Choice Gold Loan for customers. Unlike other credit products which have stringent eligibility criteria, gold loan has a simpler application and disbursal process. By utilising gold as a collateral, borrowers can enjoy lower interest rates compared with conventional credit, translating to savings during the course of the loan tenure.

Bank's 'Smart Choice Gold Loan' is/are incorrect? 1. Kotak Mahindra Bank introduced 'Smart Choice Gold Loan' for customers. 2. Unlike other credit products, gold loan has a stringent application and disbursal process. 3. Borrowers utilizing gold as collateral can enjoy lower interest rates compared to conventional credit.

A Statements 1 and 2

B Statements 2 and 3

C Statements 1 and 3

D Only Statement 2

E All Statements 1, 2, and 3

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Which of the following statements about Kotak Mahindra

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