Current Context: Indian Bank has launched new digital services under its Project WAVE initiative, which aims to provide a world of advanced virtual experience to its customers.
- One of the services is an electronic bank guarantee (e-BG), which is a digital alternative to the traditional paper-based process of issuing and delivering bank guarantees.
- The e-BG service is powered by National E-Governance Services Ltd (NeSL), which is India’s first information utility for insolvency and bankruptcy cases.
- The pre-approved business loan facility will enable customers to avail loans up to Rs 25 lakh with hassle-free processes.
- The Project WAVE was first launched in January 2022 by Indian Bank’s Managing Director and CEO S L Jain, and has since introduced various digital products and services to enhance the banking experience of its customers.
Question:
Q.1 What is the name of the digital transformation initiative launched by Indian Bank?a. Project NEXUS
b. Project NEON
c. Project DIGI
d. Project WAVE
