Mahindra Finance announced a strategic co-lending partnership with State Bank of India (SBI). The co-lending model is designed to harness the distribution strength of Non-Banking Financial Companies (NBFCs) and the cost-efficient capital of banks, ensuring wider outreach and better interest rates for customers. With Mahindra Finance strong rural distribution network and expertise in the financial sector and SBI's competitive capital cost customers will get competitive advantage.

The objective is to extend joint financial support to customers thereby enabling credit to the unserved segments of the economy at an affordable cost, marking Mahindra Finance's first co-lending tie-up with a bank. The partnership with SBI emphasizes the long-term commitment of both entities towards empowering the MSME sectors.