Which Bank ties up with NBFC Paisalo Digital for agriculture loan in May 2022?

A)
UCO Bank
B)
Canara Bank
C)
Bank of India
D)
IDBI Bank

Correct Answer : Option (A) - UCO Bank



* UCO Bank has signed a co-lending agreement with NBFC Paisalo Digital Limited for agriculture business to capitalize the underbanked and under-serviced population.
 
* The tie-up will give a boost to the agriculture advance of the bank and it is a win-win situation for the bank as well as the NBFC.
 
* The Government of India aims to help agriculture and other small borrowers who are the backbone of the Indian economy..

Source : Economic Times

Published On : May 26, 2022
Category : Banking