"Our co-lending book stood at Rs750 crore as on June 30, 2022, and we aim to grow it three times to Rs2,000 crore by the end of FY23,” says Shachindra Nath, vice-chairman and managing director (MD) of U GRO Capital. The shadow bank has signed 18 co-lending partnerships, including with the State Bank of India (SBI) and IDBI Bank.
Co-lending (and its earlier avatar, co-origination) is an arrangement in which banks and non-banking financial companies (NBFCs) tango in a 80:20 ratio on loan exposures.
SBI, on its part, is looking to build a co-lending book of Rs10,000 crore in FY23