MoneyWorks4Me

SBI, Ugro Capital sign partnership to facilitate broader credit outreach

26 Nov 2019 Evaluate

State Bank of India (SBI) has entered into a loan co-origination partnership with Ugro Capital. The collaboration will work towards offering credit at a competitive rate of interest with a reduced turn-around time by using Ugro Capital's indigenously developed co-lending technology platform 'GRO- Xstream'.

‘GRO-Xstream’ empowers banks and other large financial institutions to reach out to deepen their distribution reach and service small businesses across India. Smaller NBFCs can also opt for co-lending partnership with Ugro Capital leveraging Ugro Capital's proprietary analytical tool.

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.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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