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?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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Statement I :
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