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SBI Finances Rs 200 million To Red Fort Capital

The loan from SBI will ensure adequate liquidity in alignment with the company’s plans to further expand its Asset under management (AUM) to Rs 100 crore by the end of FY’23

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Red Fort Capital Finance an Investment Grade Non-Bank Finance Company on Thursday said that - the State Bank of India has sanctioned it a term loan of Rs 20 crore.

“MSME lending plays a vital role in the Indian economy. Timely business credit to capitalize on time-sensitive opportunities is essential to them, which explains the huge demand for our Quick Business Loans product. We are thankful to SBI for being our first lending partner in our growth journey, showing immense faith in the team, and our underwriting process," said Parry Singh, CEO of Red Fort Capital Finance. 

This term loan by SBI underscores that India has strong business fundamentals and poor business credit penetration. With the business credit demand rapidly accelerating, he added.

The loan from SBI will ensure adequate liquidity in alignment with the company’s plans to further expand its Asset under management (AUM) to Rs 100 crore by the end of FY’23.


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