Karnataka Bank and Satin Creditcare Network Limited have entered into a Co-Lending arrangement to provide financial support to Joint Liability Groups (JLG) of economically active women in both rural and semi-urban areas and to give impetus to the micro credit facilities segment of the country. In line with the Reserve Bank of India's guidelines on Co-lending by banks and NBFCs to Priority Sector to improve the flow of credit to unserved and underscrvcd segments, the arrangement will leverage Karnataka Bank's low cost of funds and end-to-end digital capabilities of KBL and Satin through Yubi platform for co-lending, to help the sourcing, servicing and recovery of small-ticket income generation priority sector loans.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
220 INR | -0.11% | -0.20% | -8.41% |
Stocks mentioned in the article
Price
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Change
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5d. change
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Capi.
| ||
---|---|---|---|---|---|
223.4 INR | -0.12% | -0.27% | 1.01B | ||
220 INR | -0.11% | -0.20% | 290M | ||
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-8.41% | 290M | |
-16.70% | 2.53B | |
-6.64% | 1.07B | |
-21.91% | 542M | |
-3.85% | 493M | |
+18.93% | 128M | |
+28.98% | 101M | |
+1.52% | 50.6M |
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- Karnataka Bank and Satin Creditcare Network Limited Enters into Co-Lending Agreement