Ambit Finvest has announced the signing of a co-lending agreement with Union Bank of India (UBI) for financing to Micro, Small and Medium Enterprise (MSME) customers. Ambit Finvest is the Ambit Group’s non-deposit-taking Non-Banking Financial Company (NBFC). This collaboration will enable underwriting for businesses in 11 states now served by Ambit Finvest. Ambit Finvest and Union Bank of India hope to speed up credit disbursement across multiple geographies with this partnership, according to Sanjay Dhoka, COO and CFO of Ambit Finvest.
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