Our bank is committed to augmenting MSME business under the co-lending model introduced by the RBI to make available funds to ultimate beneficiaries at an affordable cost, says Chief General Manager, UBI
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The new fund is expected to add S$700 million to CLI’s funds under management
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This will further enhance the avenues for customers using SBI cards on the RuPay platform on UPI merchants
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The repo rate is the rate of interest at which RBI lends to other banks
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This is the highest dividend the Union Bank of India has given in any financial year
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The current timeline of six days will be shortened to three days
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The partnership aims to broad-base credit access for India and Bharat both and lay the foundation of a more inclusive society
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There are over 50 million MSMEs in the country. It is estimated that fewer than 10 per cent of these have adequate insurance
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