Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1396)

2019-11-28 Banking

1396.

U GRO Capital with which bank has recently signed loan co-origination partnership?

SBI

ICICI Bank

Dena Bank

Axis Bank

Answer: Option

Explanation:

On November 25, 2019 capital market company NewQuest's U GRO Capital has entered into a co-origination partnership with the State Bank of India(SBI) in order to provide widened credit outreach and faster disbursal. Through U GRO Capital's platform "GRO-Xstream", in-principle loan approval will be done within 60 minutes.