2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Name the organization, which has tied up with Oriental Bank of Commerce to offer loans for purchase of equipment under a co-lending arrangement.
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Paisalo Digital Ltd
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Paisalo Digital Ltd
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MAS Financial Services Ltd
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Srei Equipment Finance
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Explanation:
Detailed explanation-1: -With co-lending, two or more lenders can come together to cater to jointly address the financing needs of customers with a rewards and risk sharing model. The partners may include banks, non-banking finance companies (NBFCs), housing finance companies (HFCs).
Detailed explanation-2: -The primary focus of co-lending is to improve the credit flow to the unserved and underserved segments of the economy. The co-lending model allows NBFCs to seek funds at low cost from banks vide a tie-up arrangement, and requires them to put in the balance 20 per cent from their own sources of fund.
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