Q. Which Indian Bank launched the 'Open-for-all' Digital ecosystem for MSMEs?
Answer:
ICICI Bank
Notes: ICICI Bank has launched 'Open-for-all' Digital ecosystem for MSMEs. The digital service for Micro, Small and Medium Enterprises (MSMEs) can be used by customers of other banks.
One of the new services it provides is sanction of instant and paperless overdraft facility up to Rs 25 lakh through ‘InstaOD Plus’. The feature enables customers of any bank to avail of an overdraft instantly.