PNB enters into co-lending arrangement with Lendingkart

PNB has entered into a co-lending arrangement with Lendingkart Finance Ltd. This partnership is part of its efforts to improve the flow of credit to the unserved and underserved sector of the economy.

This arrangement will focus on digital underwriting and cashflow based lending. The ultimate beneficiaries would be MSME borrowers who will get the funds at an affordable rate with greater outreach considering the lower cost of funds from banks and greater reach of the NBFC.