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SBI & U GRO ink loan co-origination agreement

SBI & U GRO ink loan co-origination agreement_50.1

NewQuest-backed U GRO Capital inked an SME loan co-origination agreement with State Bank of India to facilitate broader credit outreach and faster disbursal. The alliance to leverage U GRO Capital’s proprietary technology platform ‘GRO-Xstream’ to provide in-principle loan approval within 60 minutes. U GRO Capital, a BSE listed, technology-enabled small business lending platform entered into a loan co-origination.

Static/Current Takeaways Important For RRB NTPC/SSC CGL:

  • Chief Executive Officer(CEO) of U GRO Capital: Abhijit Ghosh.
  • U GRO Capital Launch: December 2017.

Source: The Economic Times

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