Mumbai, May 10 -- Bank of Baroda (BoB) has announced the launch of an end-to-end Digital Platform to facilitate co-lending of loans to retail, MSME, agri in partnership with Nonbank financial companies (NBFCs).

The Bank is targeting to partner with atleast 10 NBFCs and also to build a Rs 10,000 crore co-lending loan book through the digital platform in the next two years.

The platform provides seamless integration between the Bank and multiple NBFC partners to strengthen, accelerate and simplify the co-lending process.

It uses rule-based algorithms for underwriting, enables credit assessment checks, enables Retail, MSME, Agri co-lending product offerings and increases process efficiency.

The digital co-lending platform has capabilitie...