Utkarsh Small Finance Bank Partners with CredAvenue to Expand its Loan Portfolio
India’s first co-lending platform helps Utkarsh Small Finance Bank with seamless onboarding to enable a broader customer base and quick growth for the bank Chennai, 24 May 2022: CredAvenue, India’s first and largest co-lending marketplace, today announced the onboarding of Utkarsh Small Finance Bank. This partnership paves the way for the bank to expand its loan portfolio while also opening avenues for mutually beneficial 100:0 partnerships with non-banking financial companies (NBFCs), housing finance companies (HFCs) and microfinance institutions (MFIs) and fintech/digital finance players via the platform. CredAvenue’s co-lending platform also facilitates Business Correspondence (BC) arrangements, in which the lender to…