United Bank CEO Ashok Kumar Pradhan hailed the agreement as a 'saviour' for the MSME units 'starved' of low-cost funds to compete globally and upscale themselves.
PTI
@moneycontrolcom
United Bank of India and Srei Equipment Finance have entered into an agreement for financing the MSME and agriculture sectors.
Under the pact, UBI would leverage its low-cost loans with Srei to enable purchase of equipment and vehicles in a seamless manner, a statement by the state-run lender said.
United Bank MD and CEO Ashok Kumar Pradhan hailed the agreement as a "saviour" for the MSME units "starved" of low-cost funds to compete globally and upscale themselves.First Published on Jan 5, 2019 04:53 pm
