2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SBI
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ICICI Bank
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Dena Bank
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Axis Bank
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Detailed explanation-1: -Central Bank of India signed a co-lending agreement with U GRO Capital.
Detailed explanation-2: -Central Bank of India and fintech platform U GRO Capital signed a co-lending agreement to disburse loans worth Rs 1,000 crore to U GRO users in the next 12 months.
Detailed explanation-3: -U GRO Capital limited, (formerly known as Chokhani securities) is a BSE listed NBFC established in 1993.
Detailed explanation-4: -Kinara Capital was founded in 2011.
Detailed explanation-5: -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.