Govt for banks to collaborate with NBFCs and fintech companies, says official

Updated: Sep 23 2022 5:06PM

Kolkata, Sep 23 (PTI) The government is in favour of banks working closely with the non-banking financial companies (NBFCs) and fintech companies for co-lending and also push forward the digital route, an official said.

Speaking at a CII event here on Friday, Hardik Mukesh Sheth, director (banking operations) of the department of financial services, said that the government is pushing the public sector banks (PSBs) to work with the NBFCs and fintech companies to collaborate in the area of co-lending.

He also said that there is also a push towards the digital route, adding that new-age banking using technology has increased.