Current Affairs · MoUs and Agreements
In April 2025, in a step aimed at accelerating rural economic development, the National Bank for Agriculture and Rural Development (NABARD) partnered with a major Indian bank to finance projects in Assam. Under this agreement, the institutions target Rs 500 crore financing in FY26, scaling to Rs 1,000 crore annually thereafter. Which bank has signed this MoU with NABARD?
- 1Bank of India
- 2State Bank of India✓
- 3Union Bank of India
- 4Punjab National Bank
Correct answer
State Bank of India
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