Mumbai: With an aim to boost MSME lending, country’s largest bank, the State Bank of India (SBI), has entered into a co-Lending arrangement with Capri Global Capital Limited (CGCL). This association will offer strategic and customized financing solutions to the underserved MSMEs of the country in line with RBI guidelines.
SBI 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.
Shri 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. 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.”
The MOU was exchanged in the presence of Shri Dinesh Khara, Chairman, SBI; Shri C.S. Setty, MD (Retail & Digital Banking), SBI; Shri S. Salee, DMD (SME, Agri, and FI), SBI; and Shri Rajesh Sharma, Managing Director, Capri Global Capital Limited.
RBI had issued guidelines on the co-lending scheme for banks and NBFCs for Priority Sector Lending to improve the flow of credit to unserved and underserved sectors of the economy and to make funds available to borrowers at an affordable cost. The co-lending model aims to give the borrower the best interest rate and better reach.
Gurugram, India – October 11, 2023: Samsung announced exciting offers
Bangalore, 10th October 2023: The Nokia G42 5G (16GB+256G
Bengaluru, October 10, 2023 IN-SPACe (Indian National Space Promotion and
New Delhi, October 3, India- Philips India announces an exciting co
Through this exciting initiative, the brand aims to emerge as the go-to purveyor of authentic Chinese in India
New D
Jaipur, 18 April: Students of Jaipur have recently shown their remarkable achievement in the UPSC Civil Services Examination-
· Technopark-based Lifology holds conversation on IER 2024
Thiru