Q. Which Indian Public sector bank has launched a Digital Lending Platform (DLP) for retail loans?
Answer:
Bank of Baroda
Notes: Bank of Baroda (BoB) has recently launched a Digital lending platform (DLP) to enable retail clients to get loans digitally through a paperless process.
Under the platform, ‘In Principle approval’ for Home Loans, Car loan and Personal Loans are granted in 30 minutes without human intervention. Micro personal loans are also offered to shop through partner channels and pay later in EMIs.