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Edelweiss Group partnered with Indian Bank

Published on January 12, 2022
Current Context: The Edelweiss Financial Services and ECL Finance have partnered with Indian Bank.
Edelweiss Group 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
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