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In the past one month, the department has sent multiple queries to more than a dozen banks and is likely to follow up with questions to NBFCs on the co-lending facility, they said.
We sit down with Ajeet Kumar Singh, MD, CEO, and Co-Founder, SAVE Solutions to talk about the financial services industry in India and how SAVE is working towards helping customers build financial literacy., Technology & Science News, Times Now
The trend is significant as in the past banks have taken a cautious approach while lending to MSMEs as the percentage of NPAs from the segment is traditionally high.
Co-lending refers to joint lending by banks and non-banking financial institutions (NBFCs). Such arrangements typically involve the banks taking on the majority of the risk in an 80:20 ratio with the NBFC partner.