HDFC Bank to offer online loans against securities

HDFC Bank launched an instant digital Loan Against Securities (LAS) facility in collaboration with the National Securities Depository Ltd.(NSDL).

The bank stated that customers can avail themselves of overdraft facility against shares in three steps: select the shares to be pledged on net banking, accept agreement through one-time password (OTP) and pledge the shares with NSDL online through OTP. 

Demat customers can calculate their eligibility for overdraft limit against shares, and open a current account instantly.

What can be the possible questions from above news:

Q1. Name the Private lender, which has collaborated with the National Securities Depository Ltd. (NSDL) to launch instant digital Loan Against Securities (LAS) facility, recently.

Share your answer in the comment section

Source- The Hindu

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