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SVC Co-operative Bank partners with NPCI

Published on October 27, 2020
Current Context: The Shamrao Vithal Co-operative Bank Ltd (SVC Bank) has entered into a partnership with National Payments Corporation of India (NPCI).
SVC Co-operative Bank partners with NPCI
  • They have entered into a partnership to launch a rewards programme.
  • They launched loyalty management program with an aim to provide ease and rewardable banking experience to the customers.
  • Under this reward program, customers will earn points upon using SVC Bank’s cards and its digital solutions.
  • The reward points can be redeemed to purchase products and services like electronics, sports, home decor, lifestyle, health etc.
  • Static Part: 
    • HQ of SVC Co-operative Bank: Mumbai
    • MD of SVC Co-operative Bank: Ajit E Venugopalan
    • HQ of NPCI: Mumbai
    • MD and CEO of NPCI: Dilip Asbe

Question: 

Q.1 Which bank partnered with NPCI to launch a rewards programme?
a. Oriental Bank of Commerce
b. SVC Co-operative Bank
c. Saraswat Bank
d. Cosmos Bank
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