📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which bank has entered into a co-lending partnership

    with Kisetsu Saison Finance (India) Private Limited, focusing on providing competitive MSME Loans & aiming to foster the expansion of portfolios for both entities ?
    A Union Bank of India Correct Answer Incorrect Answer
    B Indian Overseas Bank Correct Answer Incorrect Answer
    C Central Bank of India Correct Answer Incorrect Answer
    D Bank of Baroda Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Central Bank of India Ltd’s shares rose 3.26 per cent after the company established a Co- Lending Partnership with Kisetsu Saison Finance (India) Private Limited, focusing on providing competitive MSME Loans. This collaboration aims to foster the expansion of portfolios for both entities.  Under the agreement, Kisetsu Saison Finance will originate and process MSME loan proposals, with the Central Bank of India acquiring 80 per cent of these loans under mutually agreed terms. The partnership is anticipated to enhance customer experience and broaden their collective presence across India. 

    Practice Next
    More Alternate Sources of Finance Questions

    Relevant for Exams:

    ask-question