Understand How MSME Certified Units can apply for Business loans from SBI, HDFC Bank, ICICI Bank, and Others?

Understand How MSME Certified Units can apply for Business loans from SBI, HDFC Bank, ICICI Bank, and Others?
by

1 Answer

Answer :

In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled a Rs 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS). This package is in aid of the Micro, Small and Medium Enterprises (MSMEs) sector, addressing working capital needs, operational liabilities, and restart business impacted due to the COVID-19 crisis.This scheme is available up to March 31, 2021, or on reaching the threshold stipulated by the Government of India under the Emergency Credit Line Guarantee Scheme (ECLGS). The working capital term loan (WCTL) comes with a tenure of 48 months, with a principal moratorium for the first 12 months.The government had announced Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) for MSME under t
by

Related questions

Which of the following banks has reported its point of sales terminal (PoS) network as largest in the country? A) HDFC B) Punjab National Bank C) SBI D) ICICI E) Axis Bank

Description : Which of the following banks has reported its point of sales terminal (PoS) network as largest in the country? A) HDFC B) Punjab National Bank C) SBI D) ICICI E) Axis Bank

Last Answer : C) SBI Explanation: SBI‘s point of sales terminal network has become the largest in the country after it took over its private sector rivals. It plans to add 1 lakh PoS terminals in current fiscal ending March 2017.

Which of the following banks have become the first banks to join SWIFT‟s global payments initiative? A) ICICI and HDFC Bank B) IndusInd Bank and SBI C) PNB and Federal Bank D) Axis Bank and ICICI E) ICICI and SBI

Description : Which of the following banks have become the first banks to join SWIFT‟s global payments initiative? A) ICICI and HDFC Bank B) IndusInd Bank and SBI C) PNB and Federal Bank D) Axis Bank and ICICI E) ICICI and SBI

Last Answer : D) Axis Bank and ICICI Explanation: Global payments leader SWIFT said that ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative ... and global reach and in the first phase, the initiative will focus on business-tobusiness payments.

Times Internet has partnered with which Bank to launch co-branded Debit Card? A) Punjab National Bank B) HDFC Bank C) ICICI Bank D) SBI E) None of these

Description : Times Internet has partnered with which Bank to launch co-branded Debit Card? A) Punjab National Bank B) HDFC Bank C) ICICI Bank D) SBI E) None of these

Last Answer : B) HDFC Bank Explanation: Times Internet (part of Bennett, Coleman & Co that owns The Economic Times), in partnership with HDFC Bank, announced the launch of a co-branded card on Thursday called the Times Points Debit Card.

SIDBI is a subsidiary bank of (a) IDBI ; (b) SBI ; (c) HDFC ; (d) ICICI

Description : SIDBI is a subsidiary bank of (a) IDBI ; (b) SBI ; (c) HDFC ; (d) ICICI

Last Answer : (a) IDBI ;

With you all the way is the slogan of 1. Vodafone 2. SBI 3. ICICI 4. Raymond's 5. HDFC

Description : With you all the way is the slogan of 1. Vodafone 2. SBI 3. ICICI 4. Raymond's 5. HDFC

Last Answer : SBI

________ set up for the purpose of financing, facilitating, and promoting foreign trade of India. A. Repco bank B. SBI C. EXIM bank D. HDFC

Description : ________ set up for the purpose of financing, facilitating, and promoting foreign trade of India. A. Repco bank B. SBI C. EXIM bank D. HDFC

Last Answer : C. EXIM bank

HDFC Ergo general insurance company has agreed to buy which of the following company‟s general insurance business for Rs 551 crore? A) L&T B) Tata C) ICICI Lombard D) Bajaj Allianz E) IFFCO-Tokio

Description : HDFC Ergo general insurance company has agreed to buy which of the following company‟s general insurance business for Rs 551 crore? A) L&T B) Tata C) ICICI Lombard D) Bajaj Allianz E) IFFCO-Tokio

Last Answer : A) L&T Explanation: HDFC has agreed to pay around 1.1 times the gross premium of L&T General Insurance Company This will help HDFC Ergo improve its ranking in the sector from fourth largest to third largest in the private sector insurance segment.

Which of the following bansk has launched „Elite‟ card on the Master Card World platform which is enabled with NFC (Near Field Communication) technology? A) ICICI B) PNB C) SBI D) Axis Bank E) Canara Bank

Description : Which of the following bansk has launched „Elite‟ card on the Master Card World platform which is enabled with NFC (Near Field Communication) technology? A) ICICI B) PNB C) SBI D) Axis Bank E) Canara Bank

Last Answer : C) SBI Explanation: This allows customers a contactless payment experience, adding more speed and suave to their wallets. The new card comes with a joining fee of Rs 4,999 and all customers will receive a welcome gift worth Rs 5,000 in the form of vouchers from popular lifestyle and travel brands.

Which of the following banks has teamed up with Apollo to set up asset reconstruction company (ARC)? A) SBI B) Punjab National Bank C) Axis Bank D) ICICI Bank E) Both A and D

Description : Which of the following banks has teamed up with Apollo to set up asset reconstruction company (ARC)? A) SBI B) Punjab National Bank C) Axis Bank D) ICICI Bank E) Both A and D

Last Answer : D) ICICI Bank Explanation: With the banking sector buffeted by bad loans, the country s largest private lender ICICI Bank teamed up with private equity major Apollo Global Management to launch an ... will acquire debt from lenders and also take equity stakes in borrowers, a bank statement read.

Which two banks have been given the tag “too big too fail” for the year 2016? A) ICICI and Axis Bank B) Axis Bank and Punjab National Bank C) Punjab National bank and SBI D) SBI and ICICI E) SBI and Axis Bank

Description : Which two banks have been given the tag “too big too fail” for the year 2016? A) ICICI and Axis Bank B) Axis Bank and Punjab National Bank C) Punjab National bank and SBI D) SBI and ICICI E) SBI and Axis Bank

Last Answer : D) SBI and ICICI Explanation: The Reserve Bank of India retained the tag of -too big to fail banks for SBI and ICICI second year in a row. This means that the banking regulator ... time. Both these banks are required to make additional capital requirements after they were named as D-SIBs.

Max Life and Max Financial Services have entered into merger agreement with which of the following insurance company? A) Oriental Insurance Company B) ICICI Prudential Life Insurance Co. Ltd C) HDFC Standard Life D) Tata AIG general Insurance E) Birla Sun Life Insurance

Description : Max Life and Max Financial Services have entered into merger agreement with which of the following insurance company? A) Oriental Insurance Company B) ICICI Prudential Life Insurance Co. Ltd C) HDFC Standard Life D) Tata AIG general Insurance E) Birla Sun Life Insurance

Last Answer : C) HDFC Standard Life Explanation: HDFC Standard Life and Max Life and Max Financial Services are entered into merger agreement that will create the largest private player in India s insurance ... lakh crore. A combination of the entities would be overtaking ICICI Prudential Life Insurance Co. Ltd

Government takes 'ways and means advances' from - (1) RBI (2) IDBI (3) SBI (4) ICICI

Description : Government takes 'ways and means advances' from - (1) RBI (2) IDBI (3) SBI (4) ICICI

Last Answer : (1) RBI Explanation: Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy by which provides to the States banking with it to help ... WMA both to the Central and State governments. It aims to bridge the interval between expenditure and receipts.

Government takes ‘ways and means advances’ from (1) RBI (2) IDBI (3) SBI (4) ICICI

Description : Government takes ‘ways and means advances’ from (1) RBI (2) IDBI (3) SBI (4) ICICI 

Last Answer : RBI

Which of the following is/are the loan product(s) of Bandhan Bank? A. Agri loan B. MSME loan C. Retail loan D. Both (A) and (C) E. All of the Above

Description : Which of the following is/are the loan product(s) of Bandhan Bank? A. Agri loan B. MSME loan C. Retail loan D. Both (A) and (C) E. All of the Above

Last Answer : E. All of the Above Explanation: Products of Bandhan Bank includes Agri loan, MSME loan, Retail loan and Micro loan.

Which of the following General Insurance Company has entered into agreement with Shamrao Vithal Co-operative (SVC) Bank for bancassurance business? A) Reliance General Insurance Co. Ltd. B) L&T General Insurance Co. Ltd. C) HDFC ERGO General Insurance Co. Ltd. D) Future Generali India Insurance Co. Ltd. E) Tata AIG General Insurance Co. Ltd.

Description : Which of the following General Insurance Company has entered into agreement with Shamrao Vithal Co-operative (SVC) Bank for bancassurance business? A) Reliance General Insurance Co. Ltd. B) L&T General Insurance ... D) Future Generali India Insurance Co. Ltd. E) Tata AIG General Insurance Co. Ltd.

Last Answer : C) HDFC ERGO General Insurance Co. Ltd. Explanation: HDFC ERGO General Insurance Company and Shamrao Vithal Co-operative (SVC) Bank announced their bancassurance agency partnership to provide ... introducing innovative non-life insurance products with SVC Bank s customer base across various states.

SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Description : SBI has been named as domestic systemically important banks (D-SIBs) this year. What additional capital it will have to maintain as a percent of loans and investments? A) 0.2% B) 0.4% C) 0.6% D) 0.8% E) None of these

Last Answer : C) 0.6% Explanation: Based on the methodology announced by the central bank, SBI will need to maintain additional capital equivalent to 0.6 per cent of its loans and investments while ICICI will need to maintain 0.2 per cent more.

Which of the following was declared as “Best Company Promoting Sports (Private sector)” in the country at the National Sports Awards 2015? A) Kotak Mahindra Bank B) Yes Bank C) Axis Bank D) HDFC Bank E) None of these

Description : Which of the following was declared as “Best Company Promoting Sports (Private sector)” in the country at the National Sports Awards 2015? A) Kotak Mahindra Bank B) Yes Bank C) Axis Bank D) HDFC Bank E) None of these

Last Answer : B) Yes Bank Explanation: Lalita Babar was named Sportsperson of the Year in India Sports Awards.

What are Benefits of the MSME Registration?

Description : What are Benefits of the MSME Registration?

Last Answer : MSME stands for Micro Small & Medium Enterprises.A few Advantages under MSME/Udyam Enlistment are -1)MSME enlistment helps in getting government tenders.2)Under bank advance, 15% import endowment ... Innovation and quality up-degree backing to MSMEs.FOR MORE VISIT - legalwiser.in/msme-registration/

D) ICICI Bank Explanation: New features will enable customers to instantly pay taxes and book railway tickets within the app. iMobile users will also be able to purchase travel & motor insurance as well as buy mutual funds from 19 asset management companies.

Description : D) ICICI Bank Explanation: New features will enable customers to instantly pay taxes and book railway tickets within the app. iMobile users will also be able to purchase travel & motor insurance as well as buy mutual funds from 19 asset management companies.

Last Answer : According to HSBC, India is expected to contribute how much of the world GDP by the middle of next decade? A) 4.3% B) 4.9% C) 5.2% D) 3.4% E) None of these

Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country? A) Yes Bank B) Kotak Mahindra Bank C) ICICI Bank D) Axis Bank E) None of these

Description : Which of the following banks has planned to commence urban microfinance operations in its 85 branches across the country? A) Yes Bank B) Kotak Mahindra Bank C) ICICI Bank D) Axis Bank E) None of these

Last Answer : D) Axis Bank Explanation: India s third largest private sector lender Axis Bank has forayed into Urban Microfinance segment and will now provide collateral free credit facilities to low- ... s flagship microfinance programme will be delivered via its technology driven ‗TAB based lending solution.

With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited

Description : With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited

Last Answer : C) TransUnion International Inc Explanation: Earlier the shareholding patterns of CIBIL were TransUnion International Inc (66.1%) ICICI Bank Ltd (6%) Bank of Baroda (5%) Bank of India (5%) Union ... Private Ltd. (4%) India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)

Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI

Description : Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI

Last Answer : D) ICICI and Bank of Baroda Explanation: ICICI Bank has sold its whole six per cent stake in the company, while Bank of Baroda has sold its whole five per cent holding.

Which bank has become the first private sector bank to sell Indian gold coins? A) Dhanlaxmi Bank B) Federal Bank C) ICICI Bank D) IndusInd Bank E) Karur Vysya Bank

Description : Which bank has become the first private sector bank to sell Indian gold coins? A) Dhanlaxmi Bank B) Federal Bank C) ICICI Bank D) IndusInd Bank E) Karur Vysya Bank

Last Answer : B) Federal Bank Explanation: Kerala based private sector lender, Federal Bank has tied up with MMTC for distribution of Indian Gold Coins (IGC), the first-Ever national gold offering by the government, which was launched by Prime Minister Narendra Modi In November 2015.

Which of the following holds majority stake in CIBIL? A. Bank of India B. Bank of Baroda C. United Bank of India D. TransUnion International E. ICICI Bank Ltd

Description : Which of the following holds majority stake in CIBIL? A. Bank of India B. Bank of Baroda C. United Bank of India D. TransUnion International E. ICICI Bank Ltd

Last Answer : D. TransUnion International Explanation: TransUnion International Inc (66.1%) ICICI Bank Ltd (6)% Bank of Baroda (5)% Bank of India (5)% Union Bank of India (5)% Indian Overseas Bank (5) ... Company Private Ltd. (4)% India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)

Which of the following holds minority stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Description : Which of the following holds minority stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Last Answer : E. India Infoline Finance Limited Explanation: India Infoline Finance Limited – 1%

Which of the following holds 4% stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Description : Which of the following holds 4% stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Last Answer : C. Aditya Birla Trustee Company Private Ltd Explanation: Aditya Birla Trustee Company Private Ltd – 4%

Which was the first Indian Bank to introduce credit card ? 1. State Bank of India 2. Central Bank of India 3. Union Bank of India 4. ICICI Bank 5. None of these

Description : Which was the first Indian Bank to introduce credit card ? 1. State Bank of India 2. Central Bank of India 3. Union Bank of India 4. ICICI Bank 5. None of these

Last Answer : Central Bank of India

Which of the following Banks in India is known to be the first Indian bank to adopt the concept of market segmentation ? 1. Punjab National Bank 2. State Bank of India 3. ICICI Bank 4. Bank of Barod5. Canara Bank

Description : Which of the following Banks in India is known to be the first Indian bank to adopt the concept of market segmentation ? 1. Punjab National Bank 2. State Bank of India 3. ICICI Bank 4. Bank of Barod 5. Canara Bank

Last Answer : State Bank of India

Which of the following is not an International Financial Institution A. ICICI B. IMF C. IDA D. World Bank

Description : Which of the following is not an International Financial Institution A. ICICI B. IMF C. IDA D. World Bank

Last Answer : ICICI

Which of the following is not an International Financial Institution? A. ICICI B. IMF C. D. IDA World Bank

Description : Which of the following is not an International Financial Institution? A. ICICI B. IMF C. D. IDA World Bank

Last Answer : ICICI

Which of the following is not a private bank in India a. Axis Bank b. ICICI Bank c. IDBI Bank d. Development credit bank ltd

Description : Which of the following is not a private bank in India a. Axis Bank b. ICICI Bank c. IDBI Bank d. Development credit bank ltd

Last Answer : IDBI bank

Who has been appointed as the CEO of the ICICI Bank with Effect from May 1, 2009?

Description : Who has been appointed as the CEO of the ICICI Bank with Effect from May 1, 2009?

Last Answer : Chanda D Kochhar

_______ is the first development bank of the country. A. ICICI. B. IDBI. C. SFC. D. IFCI.

Description : _______ is the first development bank of the country. A. ICICI. B. IDBI. C. SFC. D. IFCI.

Last Answer : D. IFCI.

Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Description : Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Last Answer : A. RBI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalised after ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

B) American Express Explanation: India‘s largest lender State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India.

Description : B) American Express Explanation: India‘s largest lender State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India.

Last Answer : RBI has launched new restructuring tool S4A to raise banks moral hazard risk. What is it? A) Scheme for Systematic Structuring of Stressed Assets B) Scheme for Sustainable Structuring of ... Structuring of Scholastic Assets D) Scheme for Sustainable Strength of Stressed Assets E) None of these

SBI card is going to launch a co-branded credit cards for the customers of private sector bank A) Karnataka Bank B) Federal Bank C) City Union D) South Indian Bank E) RBL Bank

Description : SBI card is going to launch a co-branded credit cards for the customers of private sector bank A) Karnataka Bank B) Federal Bank C) City Union D) South Indian Bank E) RBL Bank

Last Answer : D) South Indian Bank Explanation: South Indian Bank, leading private sector bank, and SBI Card, one of India‘s leading Credit Card issuers, announced the launch of co-branded credit cards for the customers of South Indian Bank.

Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Description : Which of the following is/are non-banking subsidiary of the State Bank of India? A. SBI Capital Markets Ltd. B. SBI General Insurance Company Limited. C. SBI Funds Management Pvt Ltd. D. All of the Above E. None of the Above

Last Answer : D. All of the Above Explanation: SBI has the following Non-Banking Subsidiaries in India: SBI Capital Markets Ltd. SBI Funds Management Pvt Ltd. SBI Global Factors Ltd. SBI Cards & Payments ... (SBICPSL) SBI DFHI Ltd. SBI General Insurance Company Limited. SBI Pension Funds Pvt Ltd (SBIPFPL)

The depositor shall be pay Rs _____ to transfer of PPF account one PO to another PO or SBI bank a) Rs 10/- b) Rs 50/- c) Rs 1/- d) Free

Description : The depositor shall be pay Rs _____ to transfer of PPF account one PO to another PO or SBI bank a) Rs 10/- b) Rs 50/- c) Rs 1/- d) Free

Last Answer : d) Free

Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any nationalized banks. c) The account can be transferred from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Description : Mark the correct option a) Maximum 12 deposit can be made in a financial year and more than one deposit can be made in one month b) Only one account can be opened in Post office or SBI or any ... from one PO to another and PO to State bank or nationalized bank vice versa. d) All the above

Last Answer : d) All the above

The first nationalized bank in India to start a VCF _____.(a)SBI, b) PNB, c) Canara bank)

Description : The first nationalized bank in India to start a VCF _____.(a)SBI, b) PNB, c) Canara bank)

Last Answer : c) Canara bank)

_____has constantly endeavoured to develop the commercial bills market. a. Commercial bank b. RBI c. SBI

Description : _____has constantly endeavoured to develop the commercial bills market. a. Commercial bank b. RBI c. SBI

Last Answer : b. RBI

Which of the following is not an apex institution? (a) SIDBI. (b) NABARD. © SBI. (d) State Cooperative Bank.

Description : Which of the following is not an apex institution? (a) SIDBI. (b) NABARD. © SBI. (d) State Cooperative Bank.

Last Answer : © SBI.

What is the best bank for small business loans?

Description : What is the best bank for small business loans?

Last Answer : There are a number of bank options for small business loans. Chase, USAA, and Bank of America are 3 of the leading banks.

Does Bank of America offer small business loans?

Description : Does Bank of America offer small business loans?

Last Answer : Yes Bank of America does provide secured business lines of credit. Additionally you may seek information from the Small Business Administration to determine your eligibility for their programs.

What is the full form of 'HDFC' ? -How To ?

Description : What is the full form of 'HDFC' ? -How To ?

Last Answer : The full form of 'HDFC' is Housing Development Finance Corporation

What is the full form of HDFC ?

Last Answer : HDFC - Housing Development Finance Corporation

How long is the hdfc credit card approval process?

Description : How long is the hdfc credit card approval process?

Last Answer : The credit card approval process can range from instant credit approval (such as a mere sixty seconds) to over a few days while the bank does a detailed credit check on you to ensure you are low risk.

Which Financial institutions has announced a comprehensive Housing finance scheme called prapti with an attractive 4% interest rate? A) Tata Capita Housing B) LIC Housing C) Reliance Home D) HDFC Ergo E) Housing and Urban Development Corporation Ltd.

Description : Which Financial institutions has announced a comprehensive Housing finance scheme called prapti with an attractive 4% interest rate? A) Tata Capita Housing B) LIC Housing C) Reliance Home D) HDFC Ergo E) Housing and Urban Development Corporation Ltd.

Last Answer : A) Tata Capita Housing Explanation: Tata Capita Housing Limited announced a Comprehensive Housing finance scheme called Prapti with an attractive 4% interest rate for people earning less than Rs 6 lakh a year.

What is the full form of HDFC?

Description : What is the full form of HDFC?

Last Answer : Housing Development Finance Corporation

Competence as a certified public accountant includes all of the following except a. Consulting others if additional technical information is needed. b. Possessing the ability to supervise and evaluate the quality of staff work. c. Having the technical qualifications to perform an engagement. d. Warranting the infallibility of the work performed

Description : Competence as a certified public accountant includes all of the following except a. Consulting others if additional technical information is needed. b. Possessing the ability to supervise and ... technical qualifications to perform an engagement. d. Warranting the infallibility of the work performed

Last Answer : Warranting the infallibility of the work performed