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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