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Union Bank of India partnered with Ambit Finvest

Published on March 02, 2022
Current Context: The Union Bank of India has partnered with Ambit Finvest Private Limited.
Union Bank of India partnered with Ambit Finvest
  • They have entered into a co-lending agreement for the MSME sector.
  • The partnership was made to offer credit support to the MSMEs in 11 states of India. The Ambit Finvest has its offices in these 11 states and hence the credit support is granted here.
  • The MSMEs who are suffering due to high-interest rates or excluded to avail of other banking services can have low-interest rates of funds to execute their business operations.
  • The partnership is the part of Union Bank of India’s initiative to grant support to the MSMEs in India by offering them tailor-made financial solutions.
  • Static Part: 
    • Ambit Finvest is an NBFC of the Ambit Group and it is headquartered in Mumbai
    • HQ of Union Bank of India: Mumbai
    • Tagline of Union Bank of India: Good People to Bank with


Q.1 With which bank has Ambit Finvest Private Limited partnered to offer financial credit support to the MSMEs?
a. Bank of Maharashtra
b. Bandhan Bank
c. UCO Bank
d. Union Bank of India

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