Gurpurub Offer - GURPURUB24

Join Here

State Bank of India (SBI) and M&M Financial Services have signed co-lending agreement

Published on November 04, 2023
Current Context: M&M Financial Services has entered into a co-lending partnership with the State Bank of India (SBI) to offer affordable solutions to the NBFC’s customers.
State Bank of India (SBI) and M&M Financial Services have signed co-lending agreement
  • This is Mahindra Finance’s first co-lending tie-up with a bank.
  • The pact will harness the distribution strength of Mahindra Finance and the cost-efficient capital of SBI, ensuring wider outreach and better interest rates for customers, which will be determined based on the customer’s credit profile.
  • This will help unlock the potential of priority sector lending and ensure a “personalised and competitive financing experience”.
  • The objective is to extend joint financial support to customers thereby enabling credit to the unserved segments of the economy at an affordable cost.
  • Under this agreement, the NBFC will facilitate leads and manage loan servicing while serving as a single point of contact for prospective customers.

Question:

Q.1 Who has M&M Financial Services entered into a co-lending partnership with?
a. HDFC Bank
b. ICICI Bank
c. State Bank of India (SBI)
d. Axis Bank
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu