Edelweiss Group partnered with Indian Bank

Current Context: The Edelweiss Financial Services and ECL Finance have partnered with Indian Bank.

• They have partnered to have a strategic co-lending agreement for priority sector lending.
• They will be expanding their portfolio of lending products to the target customers.
• This partnership will therefore increase access to credit.
• Indian Bank’s capital flows at low costs will be combined with the expertise on customer acquisition, the credit assessment, servicing, and robust technology of Edelweiss.
• Due to this, both entities will be able to expand the credit need of the customers.
• Static Part: 
• HQ of Indian Bank: Chennai, TN
• Tagline of Indian Bank: Your Own Bank
• HQ of Edelweiss Financial Services: Mumbai

Question: 

Q.1 With which bank has Edelweiss Financial Services and ECL Finance entered into a partnership partnered to have a strategic co-lending agreement for priority sector lending?
a. Punjab National Bank
b. Indian Bank
c. State Bank of India
d. Bank of Baroda