Holi Offer - Use Code HOLI24

Register Now

HDFC Bank signed MoU with NSIC

Published on September 09, 2021
Current Context: India’s largest private sector bank, HDFC Bank has signed MoU with National Small Industries Corporation (NSIC).
HDFC Bank signed MoU with NSIC
  • The MoU was signed to grant credit support to the MSME sector of India.
  • The HDFC Bank will offer MSMEs specially designed schemes that will enhance their competitiveness in the market.
  • The support will be granted to the MSME projects in the areas they are located and to other major industrial sectors of India.
  • This partnership will help to enhance the growth of MSME and ultimately economy of India, as MSME contributes to 30% of the GDP of India.
  • The bank will accept the loans forwarded by NSIC and will sanction the loans on a top priority and as per its lending policy.
  • Static Part: 
    • HQ of HDFC Bank: Mumbai
    • MD and CEO of HDFC Bank: Sashidhar Jagdishan
    • HQ of NSIC: New Delhi
    • CMD of NSIC: Vijayendra

Question: 

Q.1 Which bank signed MoU with National Small Industries Corporation (NSIC) to grant credit support to the MSME sector?
a. ICICI Bank
b. HDFC Bank
c. Karnataka Bank
d. Axis Bank
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu