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Federal Bank signed MoU with Schwing Stetter

Published on December 31, 2021
Current Context: The Federal Bank signed MoU with Schwing Stetter (India) which is a Subsidiary of Schwing GMBH, Germany.
Federal Bank signed MoU with Schwing Stetter
  • 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

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