Kavach Personal Loan for COVID-19 Patients

Current Context: The State Bank of India (SBI) has launched the ‘Kavach Personal Loan’ scheme for COVID-19 patients.

• Under the scheme, SBI will offer collateral-free personal loans up to Rs 5 lakh at an annual interest rate of 8.5% for 60 months which is inclusive of three months moratorium.
• The loan support will help COVID-19 patients to meet their medical expenses either for themselves or family members.
• The loan under the scheme will be offered under the collateral-free personal loan category.
• The ‘Kavach Personal Loan’ scheme is a part of the COVID loan book created by banks as per RBI's COVID relief measures.
• Static Part: 
• HQ of SBI: Mumbai
• Chairman of SBI: Dinesh Kumar Khara

Question: 

Q.1 Which bank launched the ‘Kavach Personal Loan’ scheme for COVID-19 patients?
a. State Bank of India
b. Union Bank of India
c. Axis Bank
d. Bandhan Bank