2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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With which bank, ECL Finance tied up for MSME loans?
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Dena Bank
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Bank of Baroda
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Punjab National Bank
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Canara Bank
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Explanation:
Detailed explanation-1: -SBI MSME loans: ECL Finance Limited - a subsidiary of Edelweiss Financial Services Limited - and State Bank of India (SBI) - India’s largest bank - has signed a Co-Origination agreement to increase access to credit for Micro, Small and Medium Enterprises (MSMEs).
Detailed explanation-2: -Under this partnership, EHFL will originate, process, service the loans and retain 20 per cent of the loan on its books, while the remaining 80 per cent will be on the books of Standard Chartered Bank.
There is 1 question to complete.