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Srei Equipment Finance Limited has partnered with which of the following banks to jointly offer loans under co-lending programme to MSME and retail sector customers? (Oct 2019)

1. Syndicate Bank
2. Dena Bank
3. United Bank of India
4. HDFC Bank

Correct answer: United Bank of India

Solution

In October 2019, Srei Equipment Finance Limited signed a co-lending agreement with United Bank of India to jointly provide loans to MSME and retail sector customers. United Bank of India was later merged into Punjab National Bank in 2020.

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