Edelweiss Financial Services’ arm, SBI sign Co-Origination agreement

05 Sep 2019 Evaluate

Edelweiss Financial Services’ subsidiary -- ECL Finance and State Bank of India (SBI) have signed a Co-Origination agreement to increase access to credit for Micro, Small and Medium Enterprises (MSMEs).

Pursuant to Reserve Bank of India’s (RBI) guidelines on co-origination of loans by banks and NBFCs, the alliance aims to leverage combined reach in tier II and tier III markets to ensure timely disbursal of credit to MSMEs.

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.

Edelweiss Financial Share Price

63.61 -1.55 (-2.38%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Bajaj Finance 7240.35
Shriram Finance 2360.20
Aditya Birla Capital 175.70
SBI Cards AndPayment 682.45
Chola Invest & Fin. 1163.70
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