- The agreement was signed by the Chief Operating Officer of Sany India, Dheeraj Panda, and the Chief General Manager (MSME) of UBI, CM Minocha.
- The MoU between Sany India and the UBI was signed in order to make the process of equipment financing easy and efficient.
- The partnership will allow the buyers of Sany India equipment to avail of a loan of up to 90% of its cost from the bank.
- This will help the Union Bank’s portfolio under equipment finance to strengthen and get a wider reach.
- UBI is a financial services company established in 1919 with its headquarters in Mumbai. The current Chairperson of the bank is A Manimekhalai.
Question:
Q.1 Sany India recently signed an MoU with which bank to make the process of equipment financing easy and efficient?a. BOB
b. BOI
c. UBI
d. PNB
