In a strategic move aligned with Reserve Bank of India guidelines, Karnataka Bank (KBL), a prominent private sector bank, and Clix Capital, a rapidly growing NBFC, have joined forces through the Yubi Co.lend Platform. This digital co-lending partnership targets the Indian MSME sector, a key driver of the country’s GDP and employment growth.
The collaboration leverages Karnataka Bank’s cost-efficient funds, end-to-end digital capabilities, and credit expertise in the MSME sector. Paired with Clix Capital’s robust lending tech platform and thorough due diligence, the alliance aims to provide seamless and accessible finance solutions. This initiative is a response to the RBI’s encouragement for banks and NBFCs to co-lend to priority sectors.
Karnataka Bank-Clix Capital Co-Lending:
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