Question

    Which of the following public sector bank has sanctioned

    a Rs 20-crore term loan to MSME lending non-banking financial company Red Fort Capital Finance for onward lending to MSMEs?
    A Punjab National Bank Correct Answer Incorrect Answer
    B UCO Bank Correct Answer Incorrect Answer
    C Union Bank of India Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer
    E South Indian Bank Correct Answer Incorrect Answer

    Solution

    State Bank of India (SBI) has sanctioned a Rs 20-crore term loan to MSME lending non-banking financial company Red Fort Capital Finance for onward lending to MSMEs. The loan from SBI will help Red Fort Capital Finance in maintaining adequate liquidity in alignment with its plans to further expand its asset under management (AUM) to Rs 100 crores by the end of the current fiscal. SBI Headquarters: Mumbai Chairperson: Dinesh Kumar Khara Red Fort Capital Finance Headquarters: Mumbai                      CEO:   Parry Singh

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