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ICICI Bank Launches STACK

Published on December 04, 2022
Current Context: ICICI Bank Ltd launched STACK for companies in the real estate sector to offer solutions to their banking requirements on a single platform.
ICICI Bank Launches STACK
  • With this, ICICI Bank became the first bank to launch real estate-specific STACK in order to provide ease to the companies involved in the real-estate sector.
  • STACK is a combination of digital and physical solutions that enables various stakeholders of the real estate sectors viz. Real Estate Investment Trusts (REITs), builders, etc. to undertake banking transactions efficiently.
  • It will offer multiple banking solutions such as:
  1. Digital Opening of Bank Accounts
  2. Instant Generation of A/C No. for RERA registration
  3. Inventory Funding
  4. Construction Financing
  5. Lease Rental Discounting
  • These accounts will be equipped with one-view access to all accounts through a single login on the bank’s Corporate Internet Banking (CIB) platform.
  • ICICI Bank Ltd is a financial services company that was established in 1994 with its headquarters in Mumbai. The current MD & CEO of the bank is Sandeep Bakhshi.


Q.1 Which of the following became the first bank to launch STACK for companies in the real estate sector?
a. ICICI Bank
b. HDFC Bank
c. Canara Bank
d. BOI
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