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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More Banking News Here

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.

Recent Posts

Right to Protest in India: Constitutional Rights, Supreme Court Judgments, and Legal Limits Explained

Protest Rights is one of the important parts of Indian democratic arrangement. It gives people…

28 minutes ago

Mass Protests in India: A Timeline of Major Public Movements That Shaped the Nation (2011–2026)

India has a rich history of protests, where the people have come out on the…

58 minutes ago

Raja Muthupandi Wins Silver at Commonwealth Games 2026

Indian weightlifter Raja Muthupandi win a silver medal in the men’s 65kg category at the…

1 hour ago

PM Modi’s Exam Security Task Force: Members, Objectives, Key Highlights and Role of Nandan Nilekani

Prime Minister Narendra Modi has announced the formation of a high-powered Exam Security Task Force…

2 hours ago

PM Modi Announces Exam Reform Task Force Led by Nandan Nilekani to Strengthen India’s Examination System

Honourable Prime Minister Narendra Modi has made an announcement regarding to establishing a new Exam…

3 hours ago