- They have partnered to offer low-cost business loans to MSMEs.
- The loans upto Rs 10 lakh will be granted within the fast duration of time.
- The loans will be provided with a fast turnaround time for approvals powered by the ‘Lendingkart 2gthr’ platform using ‘zero touch’ technology.
- The Canara Bank will explore the ‘xlr8’ platform of Lendingkart to distribute loans to the MSMEs and the ‘cred8’ platform to underwrite the loans granted.
- Static Part:
- HQ of Lendingkart: Ahmedabad
- HQ of Canara Bank: Bangalore
- Tagline of Canara Bank: Together we can
Question:
Q.1 Which bank partnered with Lendingkart to offer low-cost business loans upto Rs 10 lakhs to the MSMEs?
a. UCO Bank
b. HDFC Bank
c. Axis Bank
d. Canara Bank
a. UCO Bank
b. HDFC Bank
c. Axis Bank
d. Canara Bank
