A loan against mutual funds allows investors to avail of a loan by pledging their mutual fund units as collateral with a lender.

The country's largest lender State Bank of India (SBI) has launched a new and enhanced security feature 'SIM Binding' in Yono and Yono Lite.

The bank reported that 2% of all its transactions happen through mobile banking, the same as the corresponding quarter last year. The lender  · Terjemahkan halaman ini

Separately, the public sector lender also launched a video KYC feature for the opening of savings account on its Yono mobile banking app. The  · Terjemahkan halaman ini

Rates vary by lender, with options ranging from 9.99% to 24% per annum for loans up to 50 lakhs, depending on the bank and tenure.