ENA MSME 2024-01-17 13:12:32 <p><span style="font-size:14px"><strong>Bengaluru, Jan 17 (KNN)</strong> Karnataka Bank (KBL) and Clix Capital have officially entered a strategic co-lending partnership using the Yubi Co.lend Platform, on Tuesday.</span></p> <p><span style="font-size:14px">This collaboration, in line with Reserve Bank of India (RBI) guidelines, is dedicated to extending digital loans to the vital Indian Micro, Small and Medium Enterprise (MSME) sector.</span></p> <p><span style="font-size:14px">Bringing together Karnataka Bank's cost-efficient funding, end-to-end digital capabilities, and specialised expertise with Clix Capital's robust lending tech platform and thorough due diligence, the partnership aims to offer seamless, economical digital financing solutions.</span></p> <p><span style="font-size:14px">The agreement, signed in Bengaluru, emphasises leveraging each other's strengths to cater to the unserved MSME segment.</span></p> <p><span style="font-size:14px">Srikrishnan H, Managing Director &amp; CEO, Karnataka Bank, highlighted, Our co-lending partnership will ensure much-needed liquidity at affordable rates, contributing to the sustainable economic growth of the country.</span></p> <p><span style="font-size:14px">Rakesh Kaul, CEO, Clix Capital, expressed enthusiasm about the co-lending agreement, stating, This partnership allows us to combine our technological expertise and agility with Karnataka Bank's resources, to offer seamless and affordable business loans to MSMEs.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36314 https://knnindia.co.in/news/newsdetails/msme/karnataka-bank-clix-capital-form-digital-co-lending-alliance-for-msme-loans 2024-01-17 13:12:32 knnindia.co.in