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Capital India Finance inks MoU with Union Bank of India

20 Sep 2019 Evaluate

Capital India Finance (CIFL) has signed Memorandum of Understanding (MoU) with Union Bank of India, for Co-origination of loans under the Co-origination guidelines prescribed by Reserve Bank of India. This partnership enables CIFL to cater to a large section of unserved customers in the small and emerging corporate segment through an efficient blend of economically priced and innovative financing solutions.

This arrangement would entail joint contribution of credit at the facility level, by both lending partners, i.e. the Union Bank and CIFL. This arrangement will promote increase in the credit off-take in respective market and offer timely delivery of the credit at significantly lower cost.

Capital India Finance is an India-focused, integrated financial services platform.

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29.55 1.22 (4.31%)
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