The private lender CSB Bank has entered into a strategic collaboration with Yubi Loans to explore the laters’ AI/ML capabilities and advanced process frameworks, in a bid to focus on the offerings for customers acquiring LAP or SME loans with new-age technology, and increased automation.
The CSB Bank offers an array of products and services that are focused on SME and LAP business.
The partnership is aimed at leveraging opportunities that are still untapped in the emerging domain of the SME and LAP markets in the large, medium, small and micro segments.
“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.