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Below are Views On FMs Push for Co-Lending by Mr. Y S Chakravarti, MD & CEO, Shriram City Union Finance

The FMs push for Co-Lending for PSBs will help in reducing the cost for the ultimate consumer of loans 

“The FMs push for Co-Lending for PSBs will help drive penetration, resulting in wider reach, also meet the objective of financial inclusion, and potentially, reduce the cost for the ultimate consumer of loans. In the current model it will benefit smaller NBFCs, those which are capital starved and the lower rated NBFCs which haven’t been able to shore up capital since the pandemic hit. For most of the well rated NBFCs they are sitting on surplus capital and thus colending hasn’t taken off in a big way.

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