New Delhi, Oct. 31 -- To provide loans to the retail customers and Micro Small and Medium Enterprises (MSMEs), Srei Equipment Finance Limited, an arm of Srei Infrastructure Finance Limited (Srei) has teamed up with United Bank of India (UBI) to jointly offer loans to MSME sector and retail customers under a co-lending arrangement.
To proliferate its co-lending initiative the NBFC and the United Bank of India jointly organized Loan Utsavs across 20 cities that caught the attention of, and praise from, Finance Minister Nirmala Sitharaman.
United Bank of India and SREI are the first in the industry to enter into an arrangement for Co-origination of Loans under the Co-origination Model between Banks and NBFCs - Non Deposit taking-Systematic...