New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which NBFC has made a tie up with State Bank of India

    for co-lending arrangement to lend to a priority sector.
    A Capri Global Capital Ltd. Correct Answer Incorrect Answer
    B Adani Capital Correct Answer Incorrect Answer
    C Reliance Capital Correct Answer Incorrect Answer
    D India Bulls Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    State Bank of India (SBI) in Dec 2021 signed an agreement with Adani Capital, the non-banking finance company (NBFC) arm of the Adani Group, for co-lending to farmers for the purchase of tractors and farm implement. “This partnership shall help SBI to expand customer base as well as connect with the underserved farming segment of the country and further contribute towards the growth of India’s farm economy. We will continue to work with more NBFCs in order to reach out to maximum customers in far-flung areas and provide last mile banking services,” said SBI chairman Dinesh Khara.

    Practice Next