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2009-12-11

Religare Finvest ties with corporation bank

Religare Finvest, a subsidiary of Religare Enterprises has signed a MoU with Corporation Bank to identify potential small and medium enterprises through their branch and/or marketing outlets.

Religare Finvest, a subsidiary of Religare Enterprises has signed a MoU with Corporation Bank to identify potential small and medium enterprises through their branch and/or marketing outlets.

The MoU was signed by MR Nayak, GM, Corporation Bank and Kavi Arora, CEO, Religare Finvest at the bank’s corporate office in Mangalore. This tie up will make Corporation Bank as the favoured bank of Religare Finvest to deepen the financing of SMEs

The bank has formulated a number of innovative loan schemes for SMEs at competitive interest rates. It has launched specific schemes targeted on different segments of SME sector. It has identified nearly 50 branches for focused lending to SME sector.  In addition, the bank would be recognizing and encouraging SMEs through institution of National SME Excellence award to honor outstanding SMEs in the country.

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