PNB enters enters into tieup arrangement with Lendingkart Finance for co-lending business
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"Because you actually might not know what activities truly engage your attention and satisfy you, he says, it can be helpful to keep a diary of what you do all day and how you feel while doing it. Then, try to do more of what's rewarding, even if it takes an effort, and less of what isn't. Where optimal experience is concerned, he says, "'I just don't have the time' often means 'I just don't have the self-discipline." ― Winifred Gallagher, Rapt: Attention and the Focused Life .

"When we're interested in something, everything around us appears to refer to it (the mystics call these phenomena 'signs', the sceptics 'coincidence', and psychologists 'concentrated focus', although I've yet to find out what term historians would use)." ― Paulo Coelho, The Witch of Portobello

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Entrepreneurship: you put one dumb foot in front of the other while the world throws bricks at your head." ― Peter Thiel .

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"I can honestly say that I have never gone into any business purely to make money. If that is the sole motive then I believe you are better off not doing it. A business has to be involving, it has to be fun, and it has to exercise your creative instincts." ― Richard Branson, Losing My Virginity: How I've Survived, Had Fun, and Made a Fortune Doing Business My Way

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    "Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society - and especially in the economy - as doing something different rather than doing better what is already being done. That is basically what Say, two hundred years ago, meant when he coined the term entrepreneur. It was intended as a manifesto and as a declaration of dissent: the entrepreneur upsets and disorganizes. As Joseph Schumpeter formulated it, his task is "creative destruction." ― Peter F. Drucker, Innovation and Entrepreneurship: Practice and Principles .

    "It's not about getting out of your comfort zone to reach your goal. It's about widening your comfort zone so far that your goal fits comfortably inside. Once you do that, hitting your goals will be like hitting 3s for Steph Curry." ― Richie Norton


"I think a great entrepreneur is learning every day. An entrepreneur is somebody that doesn't take no for an answer — they're going to figure something out. They also take responsibility. They don't blame anybody else. And they're dreamers in one sense but they're also realistic and they take affordable steps when they can." ― Damon John

PNB enters enters into tieup arrangement with Lendingkart Finance for co-lending business <

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PNB enters into tieup arrangement with Lendingkart

Thesynergyonline Banking Bureau

To align with the Government of India reform agenda and to improve the flow of credit to the unserved and underserved sector of the economy, Punjab National Bank (PNB) has entered into 4th co-lending arrangement with Lendigkart Finance .

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The arrangement shall focus on digital underwriting and cashflow based lending. The ultimate beneficiaries shall be MSME Borrowers who will get the funds at an affordable rate with greater outreach considering the lower cost of funds from banks and greater reach of the NBFC.

As per RBI Co-Lending Model (CLM), Bank and NBFC will co-lend the customer in the ratio of 80% and 20% respectively. However, NBFC will act as a single point of interface for the customer and will service the loan throughout its tenure.

In presence of Mr. Surendra Kumar Dixit, CGMPNB & Mr Arun Sharma, GM (Agriculture) PNB, Sh. Ashok Kumar Gupta, GM (MSME)PNB signed the co-lending agreements w.r.t. above arrangement. The partnership under the said arrangement will result in significant disbursement under Priority Sector Lending.

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