Edelweiss Financial Services’ arm, Central Bank of India partner to Co-lend to MSMEs

03 Sep 2019

Edelweiss Financial Services’ subsidiary -- ECL Finance and Central Bank of India (CBI), one of India's largest commercial banks, have signed an agreement for Priority Sector Lending to Micro, Small and Medium Enterprise (MSME) customers. The partnership comes after the Reserve Bank of India announced the progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners.

With this alliance, Edelweiss and Central Bank of India, aim to create a conducive lending environment and democratise access to credit. For Central Bank of India, this partnership significantly raises its lending profile in the priority sector, through efficient risk mitigation.

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.

Related Edelweiss Financial Services Ltd. Links:

Edelweiss Financial Share Price

61.95 0.80 (1.31%) May 10, 18:01
1 Year Price Chart
Peers
Company Name CMP
Bajaj Finance 5496.80
Aditya Birla Capital 122.10
Shriram Trans. Fin 1333.10
L&T Finance Holdings 87.50
Mah & Mah Finl. Serv 156.20
View more..
Sensex vs Edelweiss Financial
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback