Money & Banking

RBL Bank and Nasscom tie up for customised credit to MSMEs

Our Bureau Mumbai | Updated on January 10, 2019 Published on January 10, 2019

The partnership between the RBL Bank and NASSCOM will comprise key services like simplified assessment procedure and processing and competitive pricing.   -  Twitter/ RBL Bank

The partnership will comprise key services like simplified assessment procedure and processing and competitive pricing

RBL Bank has signed an MoU with Nasscom to provide customised credit solutions to micro, small and medium enterprises.

“The two entities will collaborate for various activities, including joint events and knowledge-sharing sessions, and ensure continuous engagement with various chapters in 10 locations across India,” the bank said on Thursday.

Services provided

The partnership will include services such as simplified assessment procedure and processing and competitive pricing, and joint working groups with representations from both entities to track the progress of the proposals submitted.

Terming the collaboration as a step to serve the requirements of the MSME sector, Vincent Valladares, Head, Commercial Banking, RBL Bank, said: “Additionally, it will enable MSMEs benefit from our wide bouquet of offerings and support them in achieving the next level of growth.”

Kamal Agarwala, Chairman, Nasscom SME Council, said the partnership will enable it to extend support to the MSME ecosystem, and also provide these firms with an opportunity to avail seamless credit facility.

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Published on January 10, 2019
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