U GRO ink loan co-origination agreement with SBI
U GRO Capital has entered into a Small and Medium Enterprises (SME) loan co-origination agreement with the country’s largest lender State Bank of India (SBI) to increase loan disbursal and to maximize the credit outreach.
GRO-Xstream is an indigenously developed proprietary technology platform of U GRO capital that will provide in-principle loan approval within 60 mins.
The agreement aims to provide loans at a competitive rate of interest, a significant reduction in approval time and will offer customized lending solutions to SME’s.
In October 2019, U GRO Capital have signed an SME loan co-origination agreement with Bank of Baroda.
U GRO capital was founded in 1993, is classified as a non-government company.
Category: Economy & Banking Current Affairs
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