Gold Loan Business Vertical – By Canara Bank

Current Context: Canara Bank has started a special business vertical dedicated to gold loans.

• It has been launched by the bank to meet the financial needs of its customers in the pandemic situation of COVID-19.
• The gold loan campaign will be conducted till 30th June 2020.
• The interest rate offered under this campaign is as low as 7.85% per annum.
• The loan offered in this is to be payable within a period of one to three years, with flexible repayable options.
• The credit can be useful to conduct agricultural activities, businesses, health emergencies and for personal needs by the users.

Static Part: 

• HQ of Canara Bank: Bangalore Tagline of Canara Bank: Together We Can

Question: 

Q.2 Which bank has started special business vertical dedicated to gold loans?
a. Canara Bank
b. Union Bank of India
c. Indian Bank
d. UCO Bank