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PNB entered into Co-Lending Agreement with Lendingkart

Published on December 26, 2021
Current Context: The Punjab National Bank (PNB) has entered into a Co-Lending arrangement with Lendingkart Finance Limited.
PNB entered into Co-Lending Agreement with Lendingkart
  • This is the fourth Co-Lending arrangement by PNB.
  • Under the agreement, both the entities will focus on digital underwriting and cash flow-based lending.
  • They will work to benefit MSMEs. The MSMEs will be able to avail funds at an affordable rate to execute their tasks.
  • Static Part: 
    • HQ of PNB: New Delhi
    • MD and CEO of PNB: S S Mallikarjuna Rao
    • Tagline of PNB: The name you can bank upon

Question: 

Q.1 Which bank entered into a Co-Lending arrangement with Lendingkart Finance Limited with a focus on digital underwriting and cashflow-based lending?
a. Central Bank of India
b. Indian Bank
c. Punjab National Bank
d. UCO Bank
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