Guwahati: Bank of Baroda announced the launch of an end-to-end digital platform to facilitate co-lending of loans in partnership with Non-Banking Financial Company (NBFCs), stated a press release. The platform enables seamless interaction between the bank and various NBFC partners in order to enhance, speed, and simplify the co-lending process. The platform employs rule-based algorithms for underwriting, allows credit assessment checks, offers retail, MSME, and agro co-lending products, and improves process efficiency.
The Government of India ranked Bank of Baroda No. 1 for Digital Lending based on the EASE 3.0 PSB Banking Reforms index, according to the press release.
FIRST Business Portal addressing the potential of business capability of North East Region.
