Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    DMI Finance & Ampverse Form Joint Venture to Unleash the Power of Esports in India

    May 30, 2023

    Cashfree ties-up with Tazapay to offer cross border payments to Indian exporters

    May 24, 2023

    HDFC Pension’s Assets Under Management Cross Rs. 50,000 Cr

    May 24, 2023
    Facebook Twitter Instagram
    BFSINXT
    Twitter YouTube LinkedIn
    • Banking
      • SME /Wholesale Banking
      • Retail
      • HR
        • Wholesale
      • Rural & Agri
    • NBFC
      • Customer Experience
      • Retail
      • Digital
    • Insurance
      • Life
      • General
      • InsurTech
    • Fintech
      • Payments
      • Lending
      • Wealth/PF
      • Neo-Banking
    • Policy
      • RBI
      • IRDAI
      • SEBI
      • Government
    • Financial Services
      • Securities
      • AMC
    • About us
      • Editorial Team
      • Our Advisory Panel
      • Get In Touch
    BFSINXT
    Home » SBI and Capri Global Capital ink co-lending agreement to accelerate MSME lending
    Banking

    SBI and Capri Global Capital ink co-lending agreement to accelerate MSME lending

    The Co-Lending agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakhs to Rs 100 lakhs.
    November 29, 20212 Mins ReadBy editor
    Twitter LinkedIn WhatsApp

    Country’s largest lender, State Bank of India (SBI) has entered into a co-lending agreement with Capri Global Capital to offer customised financing solutions to the underserved MSMEs of the country.

    SBI in a statement said that it is constantly working towards associating with various NBFCs to create multiple co-lending opportunities for the financial empowerment of the MSMEs. This initiative will provide further impetus to financial inclusion in the country, it added.

    Dinesh Khara, Chairman, SBI said, “Banks are the backbone of India’s economic growth and as the country pivots to sustainable growth, the banking sector will have to accelerate MSME lending. To improve the credit to the underserved and unserved, we are happy to associate with Capri Global Capital.”

    Khara added, “We believe this collaboration will provide the nimble footedness of NBFC and quality credit to the right set of the population which will further deepen lending to MSMEs through the last mile connect. We are also confident that, in days to come, co-lending can generate employment opportunities through MSMEs which can translate into the country’s GDP growth.”

    A co-lending arrangement allows sharing of risk, wider reach & best rate of interest for the customer.

    Rajesh Sharma, Managing Director, Capri Global Capital Ltd said, “We are delighted to partner with India’s largest bank. Our combined synergies are ideally placed to provide customized financial solutions to the borrowers. SBI’s wide reach and trust in the market, coupled with our connection with the underserved borrowers, state-of-the-art IT infrastructure, increasing customer reach and underwriting functions will further enhance our distribution network.”

    Sharma said, “This collaboration will create win-win business opportunities for all stakeholders. To the borrowers, it would mean more choice to avail innovative offerings, including attractive loan rates and faster approvals.”



    Capri Global MSME SBI
    Previous ArticleCurbing Financial Crime Using Data Analytics
    Next Article Shriram Group constitutes board of management to oversee promoters interest
    editor

    Related Posts

    AU Small Finance Bank Launches Business Cashback RuPay Credit Card

    May 8, 2023

    Cashfree Payments partners with YES BANK to offer international payment collection service to Indian exporters

    May 4, 2023

    AU Small Finance Bank receives Authorised Dealer Category-I license from RBI

    May 4, 2023

    South Indian Bank expands its product portfolio with flexible savings accounts for NRIs

    May 4, 2023

    Leave A Reply Cancel Reply

    Recent Posts

    • DMI Finance & Ampverse Form Joint Venture to Unleash the Power of Esports in India
    • Cashfree ties-up with Tazapay to offer cross border payments to Indian exporters
    • HDFC Pension’s Assets Under Management Cross Rs. 50,000 Cr
    • AU Small Finance Bank Launches Business Cashback RuPay Credit Card
    • PhonePe goes live with UPI LITE

    Recent Comments

    No comments to show.
    Demo
    NBFC's

    L&T Finance launches Warehouse Receipt Financing

    April 1, 2023

    L&T Finance adds 29 lakh customers in Micro Loans biz between April 2022 to January 2023

    March 10, 2023

    PLANET App by L&T Financial Services Crosses 1.5 Million Downloads

    January 7, 2023

    SIDBI enters Co-lending Space for Unsecured Loans to MSMEs, partners with Ambit Finvest

    December 31, 2022
    New Policy
    Policy

    GSTN gets included as a Financial Information Provider under Account Aggregator Framework

    November 23, 20220By Bfsinxt Desk

    The RBI said, with a view to facilitate cash flow-based lending to MSMEs, it has been decided to include Goods and Services Tax Network (GSTN) as a Financial Information Provider (FIP) under the Account Aggregator (AA) framework.

    RBI to run Nation-wide Finanical Services Awareness Programme in November 2022

    November 3, 2022

    RBI to soon operationalise CBDC Wholesale (e₹-W) Pilot

    November 1, 2022

    RBI launches दक्ष (DAKSH) – Reserve Bank’s Advanced Supervisory Monitoring System

    October 8, 2022
    • Twitter
    • YouTube

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    BFSINXT
    Twitter YouTube LinkedIn
    © 2023 bfsinxt.com.

    Type above and press Enter to search. Press Esc to cancel.