SBI, Ugro Capital sign partnership to facilitate broader credit outreach
26th Nov 2019

State Bank of India (SBI) has entered into a loan co-origination partnership with Ugro Capital. The collaboration will work towards offering credit at a competitive rate of interest with a reduced turn-around time by using Ugro Capital's indigenously developed co-lending technology platform 'GRO- Xstream'.

‘GRO-Xstream’ empowers banks and other large financial institutions to reach out to deepen their distribution reach and service small businesses across India. Smaller NBFCs can also opt for co-lending partnership with Ugro Capital leveraging Ugro Capital's proprietary analytical tool.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.