New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Which bank has launched its GST Sahay App for MSME

    borrowers to access loans digitally using GST invoices & becomes the first public sector bank to integrate the GST Sahay App to offer digital credit to micro, small and medium-sized businesses based on GST profile?
    A Canara Bank Correct Answer Incorrect Answer
    B Punjab National Bank Correct Answer Incorrect Answer
    C Bank of Baroda Correct Answer Incorrect Answer
    D Indian Overseas Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Punjab National Bank (PNB) has launched its PNB GST Sahay App for MSME borrowers to access loans digitally using GST invoices. PNB becomes the first public sector bank to integrate GST Sahay App to offer digital credit to micro, small and medium-sized businesses based on GST profile. The app enables an end-to-end digital lending process to help eliminate any manual intervention for MSMEs and make the process cost-effective and smooth. This will directly credit the loan amount into the borrower’s current account maintained with the bank.

    Practice Next

    Relevant for Exams: