Yubi partners with SBI to enable Higher Credit Access to Priority Sector – Chennai-based Yubi, formerly CredAvenue has partnered with the country’s largest lender State Bank of India (SBI), to help grow the bank’s co-lending portfolio. Yubi Co.Lend will be integrated with SBI to provide an end-to-end solution and enables lenders to collaborate with multiple partners with a quick one-time application programming interface (API) integration under the partnership.
- Yubi is looking for facilitating seamless and faster credit to the priority sector and reduce the country-wide credit gap.
- Yubi’s tech-enabled end-to-end co-lending infrastructure will help in expanding SBI’s loan portfolio across asset classes.
- The Yubi and SBI partnership will unlock $1 trillion in capital for Priority Sector Lending in tier 2,3,4 cities, small enterprises, and farmers.
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