SBI announced RBBG Scheme

Current context: State Bank of India has announced 'residential builder finance with buyer guarantee' (RBBG) scheme on 8th January 2020.

 

• The 'residential builder finance with buyer guarantee' (RBBG) scheme aims at giving a push to residential sales and improve homebuyers' confidence.
• Under the scheme, the SBI will issue a guarantee for completion of select residential projects to customers who have availed home loans from it.
• The scheme will focus on affordable housing projects priced up to 2.50 crore rupees in 10 cities initially.
• The guarantee would be given by the bank till the project gets the occupation certificate (OC).
• The guarantee will be available for RERA registered projects.

Question: 

Q.1 Which bank has announced the 'residential builder finance with buyer guarantee' (RBBG) scheme recently?
a. State Bank of India
b. Bank of India
c. HDFC
d. ICICI