(MENAFN- KNN India)
Punjab & Sind Bank eye tie-up opportunities with NBFCs, Fintechs to cater MSME borrowers
New Delhi, Oct 7 (KNN) In an endeavour to provide finance to MSME borrowers, Punjab & Sind Bank is looking for partnership opportunities with multiple NBFCs/HFCs/MFIs and Fintechs.
In its latest move, it has signed a co-lending agreements with IIFL Home Finance Limited and Capri Global Capital Limited.
Under the pact financing solutions will be offered to MSMEs and Home loan borrowers in line with RBI guidelines.
The bank intends to offer credit to Retail and MSME segment borrowers at an affordable rate through such associations.
Along with MSMEs it also aims to provide financing to Retail and Agriculture sector and boost its last mile connect. (KNN Bureau)
MENAFN07102022000155011030ID1104983163
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.