Financial ExpressMay 10, 2022Bank of Baroda launches digital platform for co-lending MSME, retail, other loans in partnership....Credit and Finance for MSMEs: Public sector lender Bank of Baroda on Monday announced the launch of its end-to-end digital platform for co-lending of loans in partnership with non-banking financial companies (NBFCs). The platform uses rule-based algorithms for underwriting, enables credit assessment checks, enables retail, MSME, agri co-lending product offerings and increases process efficiency, the bank said. The platform can handle both non-discretionary and discretionary models of co-lending for secured or unsecured credit as per the latest guidelines by the Reserve Bank of India (RBI) on the co-lending model. Bank of Baroda currently has co-lending tie-ups with non-banking financial companies (NBFCs) including U GRO Capital and Paisalo, and housing finance companies Edelweiss Housing, Centrum Housing Finance, etc.Read more at Financial Express
Credit and Finance for MSMEs: Public sector lender Bank of Baroda on Monday announced the launch of its end-to-end digital platform for co-lending of loans in partnership with non-banking financial companies (NBFCs). The platform uses rule-based algorithms for underwriting, enables credit assessment checks, enables retail, MSME, agri co-lending product offerings and increases process efficiency, the bank said. The platform can handle both non-discretionary and discretionary models of co-lending for secured or unsecured credit as per the latest guidelines by the Reserve Bank of India (RBI) on the co-lending model. Bank of Baroda currently has co-lending tie-ups with non-banking financial companies (NBFCs) including U GRO Capital and Paisalo, and housing finance companies Edelweiss Housing, Centrum Housing Finance, etc.Read more at Financial Express
