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PNB enter tie-up arrangement with Lendingkart Finance ltd
December 27, 2021
To line up with the Government of India change plan and to work on the progression of credit to the unserved and underserved area of the economy, Punjab National Bank has gone into fourth Co-Lending course of action with Lendigkart Finance Limited. This course of action will zero in on advanced guaranteeing and capital based loaning.
A definitive recipients will be MSME Borrowers who will get the assets at a reasonable rate with more prominent effort considering the lower cost of assets from banks and more noteworthy reach of the NBFC.
According to RBI Co-Lending Model (CLM), Bank and NBFC will co-loan the client in the proportion of 80% and 20% separately. Nonetheless, NBFC will go about as a solitary mark of point of interaction for the client and will support the advance all through its residency.
In presence of Sh. Surendra Kumar Dixit, CGM PNB and Sh. Arun Sharma, GM (Agriculture) PNB, Sh. Ashok Kumar Gupta, GM (MSME) PNB consented to the co-loaning arrangements w.r.t. above plan. The organization under the said course of action will bring about critical dispensing under Priority Sector Lending.
Important Links:
- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://tscfm.org/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/
- Post Graduate Diploma in Management (PGDM): https://tscfm.org/courses/3-in-1-management-program/