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Current Affairs - 2021
Which Indian bank has signed pact with Indian Oil Corporation under its ‘e-Dealer’ scheme?
A)
Indian Bank
B)
Bank of Baroda
C)
Punjab National Bank
D)
Union Bank of India

Correct Answer :   Punjab National Bank


Punjab National Bank (PNB) has signed an agreement with Indian Oil Corporation to provide up to Rs 2 crore to the dealers of the Oil company.
Under the MoU, the bank would provide credit facilities at lower interest rates, nil margin, and with minimum or zero collateral requirements. These measures are to be undertaken under the PNB e-Dealer scheme.

Published On : February 17, 2021
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