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Banking - General Knowledge Questions
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 :   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
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