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Which bank signed an agreement with SIDBI under which it will act as a preferred financial institution for giving loans to the small and medium enterprising customers?
  • a)
    SBI Bank
  • b)
    Axis bank
  • c)
    Yes Bank
  • d)
    Dhanalakshmi Bank
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which bank signed an agreement with SIDBI under which it will act as a...
Yes Bank has entered into an agreement with SIDBI under which it will act as a preferred financial institution for giving loans to the small and medium enterprising customers. This will facilitate smooth flow of credit in a hassle-free manner to MSME customers availing term loan facility from SIDBI. Small enterprises will also be entitled to use Yes Bank's varied banking solutions.
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Which bank signed an agreement with SIDBI under which it will act as a preferred financial institution for giving loans to the small and medium enterprising customers?a)SBI Bankb)Axis bankc)Yes Bankd)Dhanalakshmi BankCorrect answer is option 'C'. Can you explain this answer?
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