The US Agency for International Development (USAID) will sponsor a $50 million loan portfolio guarantee to which bank to support increased financial access to women borrowers and MSMEs in India?

• A. PNB
• B. Kotak Mahindra Bank
• C. HDFC
• D. SBI

Answer: (B)

The US Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) said they would jointly sponsor a $50 million loan portfolio to guarantee to Kotak Mahindra Bank to support increased financial access to women borrowers, and micro, small and medium enterprises (MSMEs) in India.