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Banking - General Knowledge Questions
Which bank has ties up with Mahagram to develop a digital payment system?
A)
HDFC Bank
B)
IndusInd Bank
C)
Punjab National Bank
D)
Kotak Mahindra Bank

Correct Answer :   IndusInd Bank

* Mahagram (Rural NEO Bank) has signed a partnership with the IndusInd Bank to digitize the nation's payment ecosystem and provide a wider scope to transact for its customers in rural India.

* Aim : To boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy, and accelerate the growth of a cashless society.

* Mahagram was founded in 2015 to enable rural women to save money at the local Kirana stores..

Source : Economic Times

Published On : May 26, 2022
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