Current affairs 2020 questions 5144

By | January 29, 2020

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Which company has acquired Essel Finance's micro, small and medium enterprises (MSME) loan business?




Walmart Inc.




Reliance Financial Limited




Adani Capital Private Ltd




Bajaj Finance Limited
Explanation: (Please report incorrect explanation in the comment section) 

MUMBAI: Adani Capital Pvt. Ltd, the NBFC arm of the Adani Group, focused on lending to small & micro entrepreneurs, has acquired Essel Finance's MSME loan business. The business has a secured loan book of approximately Rs 145 crore comprising 1100 customers, a staff strength of 40 professionals and operates out of 10 cities in India.

Adani Capital acquires Essel Finance's MSME loan business

The Non-Banking Financial Company Arm (NBFC) of Adani Group, Adani Capital Pvt. Ltd, has acquired Micro Small and Medium Enterprises (MSME) loan business of Essel Finance. Adani Capital has secured a loan book of around Rs. 145 crores, operating out of 10 cities, comprising approximately 1100 customers and 40 employees through this acquisition.

Adani Capital Buys MSME lending business of Essel Finance

Mr. Sabyasachi Rath has more than 20 years of experience in the entire spectrum of lending to Large Corporate, Small & Medium Enterprises (SME), Real Estate (Debt & Equity Funding), Retail Assets (Mortgages, Vehicle, Personal Loans) from Business development, Policy formulation, Process automation to Credit underwriting and Monitoring of portfolios.

Business Loan team | Essel finance

Read more about Syndicate Bank extends loan restructuring facility to MSMEs on Business Standard. Syndicate Bank said on Tuesday it is providing a breather to all of its Micro, Small and Medium Enterprises (MSME) customers by extending the facility for restructuring of the loan.This will provide them a flexible repayment option and prevent

Syndicate Bank extends loan -

Loans which cater to the financial needs of the Small and Medium Enterprise (SME) segment are known as SME loans. This segment is responsible for providing huge employment opportunities at relatively lower capital costs and at the same time, also aids in industrialisation of backward and rural areas.

SME Loans Eligibility, Interest rates, Calculator

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Category: MCQ