New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    What measure has SBI implemented to provide faster SME

    Digital Business Loans?
    A Reduced documentation requirements Correct Answer Incorrect Answer
    B Use of blockchain technology Correct Answer Incorrect Answer
    C Sanction turnaround time of up to 45 minutes Correct Answer Incorrect Answer
    D Increased interest rates Correct Answer Incorrect Answer
    E Integration with UPI for faster payments Correct Answer Incorrect Answer

    Solution

    SBI launched SME Digital Business Loans with a sanction turnaround time of up to 45 minutes for SMEs, leveraging technology and APIs .

    Practice Next

    Relevant for Exams: