Federal Bank signed MoU with Schwing Stetter

Current Context: The Federal Bank signed MoU with Schwing Stetter (India) which is a Subsidiary of Schwing GMBH, Germany.

• The MoU was signed to offer customized financial solutions to their customers.
• They will offer Commercial Equipment loans with affordable monthly repayment plans.
• The federal bank will also be able to use advanced technology for enhancing customer experience through this partnership.
• Due to this partnership, the bank will be able to provide financial solutions by leveraging its platform to reach vast customers of Schwing Stetter India and its dealers.
• Static Part: 
• HQ of Federal Bank: Aluva, Kerala
• Tagline of Federal Bank: Your Perfect Banking Partner

Question: 

Q.1 Which bank signed MoU with Schwing Stetter (India) to offer customized financial solutions?
a. HDFC Bank
b. South Indian Bank
c. Federal Bank
d. Axis Bank