State Bank of India (SBI) and Edelweiss Financial Services’ subsidiary -- ECL Finance have signed a Co-Origination agreement to increase access to credit for Micro, Small and Medium Enterprises (MSMEs).
This collaboration involves the sharing of risks and rewards between Banks and NBFCs and is a winwin for all involved parties; MSME customers, Banks and Edelweiss, creating a lending environment that truly democratizes credit flows to an important socio-economic segment. The partnership between SBI and Edelweiss comes close on the heels of SBI setting up a special NBFC Alliance department to step up lending to the priority sector.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
