CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which Bank and Srei Equipment Finance ltd have partnered together under a co-lending agreement to provide loans to MSME?

A	United Bank of India
B	Bank of Baroda
C	State Bank of India
D	HDFC bank

Explanation:

Detailed explanation-1: -Detailed Solution: Srei Equipment Finance Limited has partnered with United Bank of India to jointly offer loans under co-lending programme to MSME and retail sector customers. It is a wholly-owned subsidiary of Srei Infrastructure Finance Limited.

Detailed explanation-2: -Small Industries Development Bank of India (SIDBI) provides financial loans to MSMEs and helps them in the promotion, development and maintenance of their business in India.

Detailed explanation-3: -Some of the players in the MSME lending space are Indifi Technologies, Flexiloans, U GRO Capital, and more. “MSMEs need marketing access and finance to grow.

Detailed explanation-4: -Among the financial creditors, Canara Bank, StateBank of India and Punjab National Bank have large exposures to the Srei twins. Other lenders are Punjab & Sind Bank, Axis Bank, HDFC Bank, Union Bank of India, IDBI Bank, UCO Bank and Indian Overseas Bank.

There is 1 question to complete.