ICICI Bank & SBFC signed a MoU

ICICI Bank & SBFC signed a MoU

mp rojgar samachar January 05, 2019

  1. ICICI Bank signed a Memorandum of Understanding (MoU) with Small Business FinCredit India Pvt Ltd (SBFC) on 4 January 2019.
  2. Under the MoU, it will jointly provide loans worth up to Rs 1 crore to the Micro, Small and Medium Enterprises (MSMEs).
  3. ICICI Bank will co-originate loan against property with SBFC at a mutually agreed ratio.
  4. The loans of up to Rs 1 crore is for a tenure of 15 years.
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