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Co-lending Agreement signed Between SBI and CGCL

Published on November 30, 2021
Current Context: The co-lending arrangement was signed between State Bank of India (SBI) and Capri Global Capital Limited (CGCL).
Co-lending Agreement signed Between SBI and CGCL
  • 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
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