Question: SM@ Bank, banking service for small-and medium enterprises (SME) is recently launched by which of the following bank?
(a) HDFC
(b) ICICI
(c) State Bank of India
(d) Bank of Baroda
Ans. (a)
Related facts:
- On 30 June 2016 HDFC Bank Ltd. launched SM@ Bank, India’s first full-fledged digital banking service for small-and medium enterprises (SME).
- SM@ Bank is the second stage of the ‘Bank Aapki Mutthi Mein’ campaign. In the first stage it was launched for the Bank’s retail customers in December 2014 at Varanasi
- SM@ Bank will provide a total Digital banking experience where the control of the Bank account resides in customer’s hands.
- Some of its features are:
- Pay and receive all money without even using a cheque book.
- One view of all credit lines of the clients with the Bank and the asset outstanding.
- All Important documents like Stock statements, Insurance, financials etc. can be uploaded with ease to the Bank for smooth continuation of credit facilities.