Ambit Finvest has signed a strategic co-lending partnership with DCB Bank Limited to enhance credit access for India’s Micro, Small, and Medium Enterprises (MSMEs).
This marks the fourth co-lending alliance for Ambit Finvest, following previous tie-ups with Union Bank of India, SIDBI, and Central Bank of India.
The collaboration is aligned with the Reserve Bank of India’s co-lending framework, which seeks to combine the strengths of banks and NBFCs to accelerate priority sector lending.
Through this partnership, Ambit Finvest will bring its strong last-mile distribution and underwriting capabilities, while DCB Bank will contribute its robust credit framework and digital infrastructure. The alliance is aimed at providing more competitive and blended interest rates on secured business loans, particularly for underserved MSME segments.
Sanjay Agarwal, CEO, Ambit Finvest, expressed optimism about the impact of the partnership, stating that the collaboration with DCB Bank would significantly improve credit accessibility for MSMEs that continue to face funding challenges. Damodar Agarwal, Head of Strategic Initiatives and Alternate Channels at DCB Bank, noted that the alliance is a key step in deepening the bank’s commitment to financial inclusion.
By leveraging each other’s strengths, both entities aim to create a win-win model—where NBFCs like Ambit Finvest can scale operations and reach underserved geographies, and banks like DCB can fulfill their Priority Sector Lending (PSL) goals while extending their footprint.
Ambit Finvest currently manages assets worth over Rs 4,502 crore, operates across 11 states through more than 235 branches, and employs over 3,000 professionals. DCB Bank, a scheduled commercial bank with 464 branches across India, serves around 2.5 million customers across various sectors, including retail, SME, agriculture, and NBFCs.
This partnership is expected to significantly advance credit penetration among Indian MSMEs, contributing to their growth and India’s broader economic development.
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