Summary

The document discusses a panel discussion among CEOs of non-banking financial companies (NBFCs) on the topic of co-lending. The CEOs highlight that co-lending between banks and NBFCs has emerged out of a necessity, as banks were unable to fulfill their priority sector lending (PSL) requirements. The co-lending model allows NBFCs to leverage the balance sheet of banks and generate additional profitability. The CEOs believe that the co-lending model is still in its early stages but shows promise for both NBFCs and banks in terms of capital efficiency and reaching out to the micro and small enterprise sector.