Question

Which bank has collaborated with Mahindra & Mahindra Financial Services to offer affordable solutions to the NBFCs customers that will harness the distribution strength of Mahindra Finance and the cost-efficient capital of the bank?

A Union Bank of India Correct Answer Incorrect Answer
B State Bank of India Correct Answer Incorrect Answer
C Indian Overseas Bank Correct Answer Incorrect Answer
D Canara Bank Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

M&M Financial Services has entered into a co-lending partnership with the State Bank of India to offer affordable solutions to the NBFCs customers. The pact will harness the distribution strength of Mahindra Finance and the cost-efficient capital of SBI, ensuring wider outreach and better interest rates for customers, which will be determined based on the customer’s credit profile.

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