Which Bank launched India's 'open-for-all' digital ecosystem for MSMEs?

A)
Axis Bank
B)
HDFC Bank
C)
YES BANK
D)
ICICI Bank

Correct Answer : Option (D) - ICICI Bank



ICICI Bank has launched India’s first ‘open-for-all’ comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, 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’.

Published On : May 2, 2022
Category : Banking