Categories: Banking

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

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.