- They have partnered to grant overdraft (OD) facilities to 1 lakh MSME customers via the platform of Lendingkart.
- Currently, OD facilities that are offered by most lenders require borrowers to furnish collateral such as property, fixed deposits, and business inventories and many small businesses are not able to provide so.
- So to overcome this, the entities have partnered to offer OD facilities through technology, efficiency, and customized solutions.
- They will provide special features like on-demand disbursement, no paperwork and a digital way of support.
- Static Part:
- HQ of Lendingkart: Bangalore, Karnataka
- MD of Lendingkart: Harshvardhan Lunia
- HQ of SBM India: Mumbai
Question:
Q.1 With the partnership with which bank has Lendingkart announced to grant overdraft (OD) facilities to 1 lakh MSME customers via its platform?
a. Karnataka Bank
b. Bank of Baroda
c. SBM India
d. SBI
a. Karnataka Bank
b. Bank of Baroda
c. SBM India
d. SBI
