Kolkata, Jan 5 (PTI) United Bank of India and Srei Equipment Finance have entered into an agreement for financing the MSME and agriculture sectors.

Under the pact, UBI would leverage its low-cost loans with Srei to enable purchase of equipment and vehicles in a seamless manner, a statement by the state-run lender said.

United Bank MD and CEO Ashok Kumar Pradhan hailed the agreement as a “saviour” for the MSME units “starved” of low-cost funds to compete globally and upscale themselves.

This is published unedited from the PTI feed.