Karnataka Bank & Clix Capital enter into a co-lending partnership through Yubi platform

New Delhi, Jan 16 : Karnataka Bank (KBL), a leading private sector bank and Clix Capital, one of Indias fastest growing new-age NBFCs, have entered into a strategic digital co-lending partnership through YubiCo.

Lend platform.

This partnership is focused on providing loans to the Indian MSME sector, which is one of the biggest contributors to Indias GDP and employment growth.The agreement is in line with the RBIs guidelines on co-lending by banks and NBFCs to priority sectors.

The partnership combines Karnataka Banks low cost of funds, end-to-end digital capabilities and expertise to offer credit facilities to this segment along with Clix Capitals strong and easy lending tech platform and robust due diligence.

The partnership aims to provide seamless financing solutions, conveniently and economically in a digital manner, thereby enabling both the partners to draw upon each others strengths to serve the unserved.

The agreement was signed in Bengaluru on Tuesday.

san/khz