Question
Which NBFC has made a tie up with State Bank of India
for co-lending arrangement to lend to a priority sector.Solution
State Bank of India (SBI) in Dec 2021 signed an agreement with Adani Capital, the non-banking finance company (NBFC) arm of the Adani Group, for co-lending to farmers for the purchase of tractors and farm implement. “This partnership shall help SBI to expand customer base as well as connect with the underserved farming segment of the country and further contribute towards the growth of India’s farm economy. We will continue to work with more NBFCs in order to reach out to maximum customers in far-flung areas and provide last mile banking services,” said SBI chairman Dinesh Khara.
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