![Federal Bank signs on agri fintech start-up KiVi as Banking Correspondent Federal Bank signs on agri fintech start-up KiVi as Banking Correspondent](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcNYeUe5A0c1lGA03ztrbA0YmlV_CDzg76nSDWIbvdzyVzik4-j6fQbUmBtCQGIC0zA5nHriCrhdW9cTSRqqM2I7KblmZuHD2t0-AiMgKv4YitsV_Hfdy6Lrn5EKTImoAy-VlmLlEOxhCwzsLRwxDymx19SjOPMY5N8y5ehFrwcEOF-dlKWu8yJosl/w320-h240-rw/Federal-Bank-unveils-First-Digital-Branch-at-Rajarhat-in-West-Bengal.jpg)
- Under the agreement, KiVi will acquire, service and augment Federal Bank’s underwriting capability. This partnership is expected to bring affordable, timely and convenient credit to farmers and agri MSMEs.
- The agreement is aimed at providing small-value loans to small and marginal farmers, and facilitating efficient credit flow to underserved rural populations
- The agreement is also seen as a crucial step for India to achieve its budgeted agriculture credit of 20 lakh crore.
Question:
Q.1 Which bank has entered into a Banking Correspondent agreement with KiVi?
a. HDFC Bank
b. ICICI Bank
c. Federal Bank
d. Axis Bank
a. HDFC Bank
b. ICICI Bank
c. Federal Bank
d. Axis Bank