State Bank of India and National Bank for Agriculture and Rural Development (NABARD) have joined hands to provide collateral-free credit through Joint Liability Groups (JLGs) in Telangana.
The two signed an MoU, along with seven NGOs from Nizamabad, Medak and Warangal districts, for the promotion and credit linkage of 2,000 JLGs during the current year.
Source- The Times of India
Static/Current Takeaways Important for Bank of India Exam 2018-
- SBI Chairman- Rajnish Kumar, Headquarters- Mumbai, Established on- 01st July 1955.
- NABARD Chairman- Harsh Kumar Bhanwala, Headquarters- Mumbai, Established on- 12 July 1982.