BIZ-NASSCOM-RBL

The RBL Bank and Nasscom on

Thursday announced entering into an MoU to provide customised

credit solutions to MSMEs in the Information and Communication

Technology sector.

"As part of the MoU, the two entities will collaborate

for various activities including joint events, knowledge

sharing sessions and ensure continuous engagement with various

chapters in ten locations across India," a statement said.

The collaboration is aligned at the central

government's mission to promote and encourage the MSMEs.

The partnership will comprise key services like

simplified assessment procedure and processing and competitive

pricing.

Structured mentoring of MSMEs on a periodic basis will

also be available, the statement said.

"As a bank, we have stayed focused on achieving

inclusive and all-encompassing growth and this partnership

will help tap into the huge enterprise pool of NASSCOM and

expand our reach. Additionally, it will enable the MSMEs to

benefit from our wide bouquet of offerings," Head, Commercial

Banking, RBL Bank Vincent Valladares said.

"Through this partnership with RBL Bank, we will be

able to extend support to the MSME ecosystem, and additionally

provide them with an opportunity to avail seamless credit

facility. We see this association as a medium to enable the

right framework for the growth of MSMEs in the country,"

NASSCOM SME Council chairman Kamal Agarwala said.