Prime Minister to dedicate 75 DBU to 75 Districts

Current Context: Prime Minister will dedicate 75 Digital Banking Units across 75 Districts to the nation.

• It was announced in the budget speech of 2022-23 by the finance minister.
• It will enable customers to have cost-effective, convenient access and enhanced digital experience of banking products.
• It will increase digital financial literacy.
• 11 Public Sector Banks, 12 Private Sector Banks, and one Small Finance Bank are participants in this endeavor.
• They will be set up across the nation.

Question:

Q.1 What is the full form of DBU?
a. Digital Brokers Unit
b. Digital Banking Units
c. Data Base Utility
d. Dialog Base Units