New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    What is the main purpose of the SBI Innovation Hub

    launched at the Singapore Fintech Festival?
    A To attract foreign investments in the Indian banking sector Correct Answer Incorrect Answer
    B To support startups in developing custom financial solutions Correct Answer Incorrect Answer
    C To promote traditional banking over digital methods Correct Answer Incorrect Answer
    D To regulate the fintech industry in Asia Correct Answer Incorrect Answer
    E To replace existing banking infrastructure with AI systems Correct Answer Incorrect Answer

    Solution

    The SBI Innovation Hub provides a secure sandbox environment with 250+ APIs to help fintech startups and innovators develop custom financial solutions and engage with global consumers.

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