Question : For which purpose Yes Bank has launched Yes Bank initiative on January 2020 ?
(a) To enable access to funding
(b) To enable access to marketing
(c) To enable access to different government schemes
(d) None of the above
Ans.(a)
Related facts
- YES BANK has recently(January 2021) rolled out YES MSME, a proposition with the aim to strengthen the Micro, Small and Medium Enterprises (MSMEs) with speedy and easy access to funds
- YES BANK’s digital banking suite includes the YES MSME solution which enables small business owners to view and take complete control of their business finances from a single place, even when they are on the move.
- YES MSME is an industry-first solution which provides a single interface for all multiple banking needs of MSMEs, including cash flow management, credit limits and utilisation, credit document submission, bulk payments etc.
- In addition to the usual banking transactions that MSMEs were able to earlier perform online, the new digital banking solution from YES BANK allows them to interact deeply with multiple banking solutions through a single interface right from accessing and transacting through Current & Savings Accounts at one place, getting a consolidated view of all loan relationships, tracking Bank Guarantees (BGs) and Letters of Credit(LCs), submitting Stock/debtor statements to raising service requests and managing Employees’ Salaries.
- YES BANK’s novel digital solution is a sophisticated yet simple to use application and takes care of MSMEs’ everyday financial operations, with ease.
By — Pankaj Pandey.
Link:
https://www.yesbank.in/digital-banking/mobile-solutions/yes-msme-mobile