Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.57)

57. 

Name the organization, which has tied up with Oriental Bank of Commerce to offer loans for purchase of equipment under a co-lending arrangement.

[A]. Paisalo Digital Ltd
[B]. Paisalo Digital Ltd
[C]. MAS Financial Services Ltd
[D]. Srei Equipment Finance

Answer: Option D

Explanation:

Srei Equipment Finance tied up with Oriental Bank of Commerce to offer loans for the purchase of equipment under a co-lending arrangement.Srei Equipment Finance is a wholly-owned subsidiary of Srei Infrastructure Finance. The funds for the project will be sourced through a platform named iQuippo, a unique digital market place of Kanoria Foundation. It will help in loan origination, loan dues collection, auction of equipment, valuation of equipment and other facilities.The co-lending arrangement will include the financing of construction, mining and allied equipment, medical equipment, commercial vehicles and farm equipment.

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