© Reuters.
MUMBAI – The Central Bank of India has strategically partnered with SMFG India Home Finance to boost lending to micro, small and medium enterprises (MSMEs) within the regulatory framework set by the Reserve Bank of India (RBI). The Central Bank of India will record 80% of these loans on its books, while SMFG India Home Finance will manage the loan facility.
The alliance is designed to improve the overall customer experience, providing a streamlined approach to lending that benefits both borrowers and the institutions involved. Furthermore, it represents an important step for both entities in expanding their presence in the Indian market, where MSMEs play a crucial role in the economy.
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2023-12-30 20:02:02
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