CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank formed a co-lending partnership with Protium Finance & InCred financial services?
A
Bank of Baroda
B
Central Bank of India
C
Union Bank of India
D
State Bank of India
Explanation: 

Detailed explanation-1: -Answer: Option B Explanation: Central Bank of India enters MSME co-lending agreement with Protium Finance, InCred Fin. Central Bank of India will offer loans to MSME borrowers under its co-lending partnership with Protium Finance and InCred Financial Services.

Detailed explanation-2: -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-3: -Pune, 8th February, 2021: Bank of Maharashtra (BoM), a premier public sector bank in the country has entered into a strategic co-lending agreement for MSME Loan with a Pune based NBFC (M/s LoanTap Credit Products Pvt.

Detailed explanation-4: -Bhupinder Singh - Founder & Group CEO, InCred - InCred - Borrow.

Detailed explanation-5: -Incred Finance is a private NFI (NBFC) in India. The company focuses on Consumer Loans - Personal Loan, Educations Loans and SME Business Loans. It is headquartered in Mumbai, Maharashtra.

There is 1 question to complete.