CSB Bank partners with Yubi Loans to expand lending services
- ByStartupStory | December 17, 2022
The private sector lender CSB Bank has tied up with Yubi Loans. The CSB Bank is a private sector lender that offers a wide range of products and services majorly focusing on SME and LAP business. The major focus of the partnership is to leverage untapped opportunities emerging out of the SME and LAP markets in the large, medium, small and micro segments. Bank will integrate with Yubi Loans’ AI/ML capabilities and advanced process frameworks soon to focus on the offerings for customers acquiring LAP or SME loans with new-age technology, and increased automation.
“CSB Bank is expanding its SME and LAP business and transforming itself into a new-age bank. Our partnership with Yubi Loans is a step towards identifying and addressing the demand in key markets and providing them with a convenient mode to access their credit needs. The Bank’s integration with Yubi Loans’ platform will enable automating loan needs for SME loans, Loan against Property, term loans, working capital loans, overdrafts, and cash credit.
This will further enhance our capabilities and help in streamlining our credit flow towards these sectors.” said Shyam Mani, Group Head of SME & NRI Banking in CSB Bank.
“We are delighted to have CSB Bank as one of the Green Channel Investors on Yubi Loans. Operating as a self-serving tool to manage the entire lifecycle of a loan transaction, Yubi Loans will provide CSB Bank with the flexibility to engage with a vast pool of borrowers. At the same time, the borrowers will benefit from the close collaboration between CSB Bank and Yubi Loans, through a faster turnaround time and ease of access to credit. This alliance will further boost Yubi Loans’ mission to make credit efficient for the big ‘missing middle’ sectors – the SME space and the Mid-market corporate space, thanks to CSB Bank’s powerful legacy and Yubi’s superior tech stack.” said by Aniket Deshpande, the Chief Business Officer of Yubi Loans. CSB Bank was founded in 1920 by Subhasis Banerjee.
Also Read
Follow Startup Story
Related Posts
