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Srei Equipment Finance (Srei Equipment), a wholly-owned subsidiary of Srei Infrastructure Finance (Srei), and UCO Bank, one of India's premier public sector banks, announced a strategic alliance to offer joint loans for purchase of construction and mining, farm and medical equipment under a co-lending arrangement. iQuippo, a Kanoria Foundation initiative, will facilitate sourcing of loans under this programme.<p></p><p>The partnership will allow Srei Equipment and UCO Bank to collaborate, co-operate and widen their respective markets and customer base. The lenders will use the iQuippo platform, a unique digital market place with more than 90,000 registered users, for loan origination and sourcing of prospective borrowers and electronic auction of equipment as and when required.</p><p>Commenting on the partnership, <span style="font-weight: bold;">Sunil Kanoria, Vice Chairman, Srei,</span> said, &quot;UCO Bank's strong track record and wide reach, especially in eastern India, makes us confident about the success of this programme. The combined strength of Srei Equipment, UCO Bank and iQuippo will provide the necessary boost to demand for infrastructure equipment and create a win-win situation for all the partners and the customers. The strategic alliance will also help in fulfilling the government's vision of making credit available to MSME and retail customers in infrastructure space at an affordable cost.&quot;</p><p></p>