2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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World Bank
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Reserve Bank of India
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State bank of India
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Central Bank of India
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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: -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-4: -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.
Detailed explanation-5: -Generally, it is used in its short form “Co” and as a prefix to the actual project title to show the partnership between the parties. Hence from the above two definitions, we can infer that co-lending refers to the coming together of two or more lenders to loan out money together to their target audience.