SBI to launch co-lending of loans with NBFCs in next 30 to 40 days

State Bank of India is looking to rollout co-lending of loans with non banking finance companies (NBFCs) in the next 30 to 40 days, according to a top official of the bank.
 

The loans, which would essentially be for priority sector, would be on a fully-automated platform. The bank is in an advance stages of discussions to tie-up with four to five large to medium technology savvy NBFCs for this, said SBI deputy managing director Sujit Kumar Varma.
 

"We are close to launch co-lending financing model with NBFCs in line with the RBI guidelines. We will tie-up with 4-5 good