CURRENT AFFAIRS QUIZ - 2019
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)
Srei Equipment Finance
C)
MAS Financial Services Ltd
D)
None of the above

Correct Answer : Option (B) - Srei Equipment Finance

Note : 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.