Syndicate loans are typically used for large financing needs that might be too much for a single bank to underwrite or risk taking on alone. One bank usually acts as the lead arranger or agent bank to manage the process.
A loan offered by a group of lenders who work together to provide funds for a single borrower is called
Asked in westbengal/WBCS Main 2019 Paper 5 2019 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
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