SBI signed Co-Lending Agreement with U GRO Capital

Published on November 18, 2021
Current Context: The State Bank of India has signed a co-lending agreement with U GRO Capital.
SBI signed Co-Lending Agreement with U GRO Capital
  • Under this agreement, finance solutions will be provided to MSMEs.
  • Both SBI and U GRO Capital will disburse up to Rs 500 crore by March 2022 in order to provide credit to MSMEs.
  • This will provide MSMEs with last-mile connectivity and financial empowerment.
  • The partnership will enable to enhance the MSME reach of SBI via the distribution network of U GRO Capital.
  • Static Part: 
    • HQ of SBI:Mumbai
    • Chairman of SBI: Dinesh Kumar Khara

Question: 

Q.1 Which bank signed a co-lending agreement with U GRO Capital to offer credit support to MSMEs?
a. Bank of Baroda
b. State Bank of India
c. Canara Bank
d. Punjab and Sind Bank

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