Edelweiss Financial Services’ subsidiary -- ECL Finance and Bank of Baroda, India's second largest public sector bank, have signed an agreement to form a strategic partnership to explore Co-lending / Co-Origination opportunities.
With this partnership, ECL Finance and Bank of Baroda will jointly offer loans and expertise for the growing needs of MSME and self-employed as well as priority sector groups. Under the arrangement, both partners can widen their respective markets and offer timely delivery of credit to customers at a significantly lower cost.
Edelweiss Financial Services is primarily engaged in the business of rendering merchant banking services. The company operates in two segments - agency business and holding company activities.
