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

    Question

    A transaction banking platform NEO for Business has been

    launched for the Indian Micro, Small and Medium Enterprises (MSMEs) that will offer features like digital self on-boarding, bulk payments, GST compliance invoicing, payment gateway integration, end-to-end transaction tracking among others. Which bank has launched this platform?
    A Kotak Mahindra Bank Correct Answer Incorrect Answer
    B YES Bank Correct Answer Incorrect Answer
    C Axis Bank Correct Answer Incorrect Answer
    D HDFC Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Axis Bank has launched a transaction banking platform for the Indian Micro, Small and Medium Enterprises (MSMEs) called NEO for Business. It will cater to the real, current, and emerging transaction needs of Indian MSMEs. The NEO for Business platform offers features like digital self on-boarding, bulk payments, GST compliance invoicing, payment gateway integration, end-to-end transaction tracking, auto reconciliation, cash flow reports, and recurring collections, among others.

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