- They have partnered to boost MSME lending in India.
- Both the entities will offer strategic and customized financing solutions to the underserved MSMEs in the country.
- The agreement was signed under the guidelines directed by RBI in November 2020.
- The funds will be granted by SBI and operations will be managed by CGSL.
- Static Part:
- HQ of SBI and CGCL: Mumbai
Question:
Q.1 Which bank signed a co-lending arrangement with Capri Global Capital Limited (CGCL) to boost MSME lending in India?
a. Kotak Mahindra Bank
b. Indian Bank
c. State Bank of India
d. Indian Overseas Bank
a. Kotak Mahindra Bank
b. Indian Bank
c. State Bank of India
d. Indian Overseas Bank