Reliance Capital, a constituent of Reliance Group and one of India’s leading & amongst the most valuable financial services companies in the private sector has entered into Memorandum of Understanding (MoU) with Karnataka Bank, one of the leading Private Sector Banks of India. The MoU was signed for financing Micro, Small and Medium Enterprises (MSMEs) through co-financing arrangement.
As per the MoU, the bank will provide Fund Based/Non Fund Based finance to the eligible MSMEs referred by Reliance Capital, as per the norms of the Bank.
Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.
