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Mahindra Finance announced a strategic co-lending partnership with State Bank of India (SBI), India's largest public sector bank. The co-lending model is designed to harness the distribution
strength of Non-Banking Financial Companies (NBFCs) and the cost-efficient capital of banks, ensuring wider outreach and better interest rates for customers.
The partnership was launched by Ramesh Iyer, VC & MD, Mahindra Finance & the Dy Managing Director, SBI in the presence of Raul Rebello, MD & CEO – Designate, Mahindra Finance & the CGM (SME) from
SBI.
Launched on a pan India level, this partnership is expected to offer affordable solutions to Mahindra Finance customers. The interest rates offered under this co-lending arrangement would be determined
based on the customer's credit profile, ensuring a personalized and competitive financing experience.
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