For FY23, State Bank of India eyes Rs 10K-cr loan book via co-lending

The bank is roping in an IT vendor for building a digital interface platform for co-lending to manage risks, accounting, reconciliation, minimise physical interface and reduce defaults

State Bank of India (SBI) is looking to build a retail loan book of Rs 10,000 crore for personal, micro, small and medium enterprise and agriculture sectors in FY23. It would be done through a co-lending partnership with finance and housing finance companies (HFCs).

At present, SBI has 14 such tie-ups, which is set to expand to 25 in FY23. CS Setty, managing director of retail and digital banking at SBI, said in the current financial year, the bank firmed up a policy and internal set up for a co-lending model. And, FY23 will be the first full fina¬ncial year to