Bank of Baroda-KapitalTech tie-up to provide loans to MSMEs, small businesses
Country's third-largest public sector bank Bank of Baroda (BoB) entered into a partnership with KapitalTech, a fintech lender, for providing loans to the MSME sector, under the co-origination guidelines of the Reserve Bank of India (RBI).
BoB in a statement said that the focus will be to reach out to small businesses in need of capital in Tier II and Tier III cities that are traditionally underserved. Image source: Reuters