Question

Which bank signed a MoU with Srei Equipment Finance for financing the MSME and agriculture sectors?
ICICI Bank
State bank of India
United Bank of India
Central Bank of India
Bank of Baroda

Answer 1

Answer: It is United Bank of India.

Explanation:

Answer 2

Answer:

United Bank of India has signed a MoU with Srei Equipment Finance for financing the MSME and agriculture sectors.

Explanation:

On 5 January 2019, a pact was signed between Srei Equipment Finance and the United Bank of India.

The pact was signed for the purpose of giving financial aid to MSME and also agriculture sectors.

Under the points of the agreement, UBI would leverage its low-cost loans with Srei at a mutually agreed ratio to enable consumers for buying of tools and vehicles in a perfect manner.