Karnataka Bank has entered into an arrangement with Yubi for co-lending via the Yubi Co.Lend, India's co-lending platform. This collaboration will allow bank to digitally onboard various NBFCs, to lend significant amount of money and onboard a larger customer base as a result of their better consumer outreach. The digital Co-lending platform would enable Karnataka Bank and its NBFC partners to effortlessly integrate and lend to borrowers with faster turnaround time.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
