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Central Bank of India signed a co-lending agreement with U GRO Capital

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Central Bank of India and U GRO Capital has signed a co-lending agreement and plans to disburse up to Rs 1,000 crore to medium, small and micro enterprises (MSMEs) over the next 12 months. The disbursement will be to U GRO Capital’s varied MSME segments under its programs – Pratham, Sanjeevani, Saathi, GRO MSME and machinery financing.

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Central Bank of India will provide co-lending support through the GRO-Xstream platform with the loans originated by U GRO Capital’s distribution network. The arrangement will ensure the availability of credit to MSMEs at an affordable cost.

Important takeaways for all competitive exams: 

  • Central Bank of India Founded: 21 December 1911;
  • Central Bank of India Headquarters: Mumbai, Maharashtra;
  • Central Bank of India MD & CEO: Matam Venkata Rao.

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