Canara Bank launches loans for healthcare, savings account for women with cover

Canara Bank launches loans for healthcare, savings account for women with cover

Daily Current Affairs   /   Canara Bank launches loans for healthcare, savings account for women with cover

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Category : Business and economics Published on: April 09 2024

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  • Canara Bank introduces Canara Heal, a specialized loan product designed to cover hospitalization expenses and settle healthcare insurance claims, particularly through Third Party Administrators (TPA), for both individuals and their dependents.
  • Canara Bank launches Canara Angel, a savings account tailored for women, offering unique features such as a Cancer Care policy, pre-approved personal loans (Canara ReadyCash), and online loans against term deposits (Canara MyMoney), aiming to empower women financially and provide them with comprehensive banking services.
  • Canara Bank collaborates with the Reserve Bank Innovation Hub (RBIH) to launch Canara SHG e-MONEY, a digital initiative aimed at providing Self-Help Groups (SHGs) with seamless doorstep digital services and instant digital credit to their accounts, thereby promoting financial inclusion and digital empowerment among SHGs.
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