CURRENT AFFAIRS

Detailed explanation-1: -U GRO Capital : Central Bank of India signed a co-lending agreement.

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: -The company has entered into co-lending pacts with State Bank of India, Bank of Baroda, IDBI Bank, Central Bank of India, Indian Overseas Bank, Punjab & Sind Bank as well as with a few private sector lenders, small finance banks and non-banking lenders.

Detailed explanation-4: -Capri Global Capital Limited (CGCL) has entered into a co-lending agreement with the State Bank of India (SBI) to offer MSME loans. Through this collaboration, CGCL and SBI aim to disburse MSME loans initially across 100 touch points pan-India.

Detailed explanation-5: -Maha Bank, MAS Financial Services enter co-lending pact for MSME borrowers. This partnership will result in greater expansion of portfolio by the bank and the NBFC.