Digital Signature Legitimacy for Profit Sharing Agreement in India

How to eSign a document: digital signature legitimacy for Profit Sharing Agreement in India

[Music] policy and process alignment between Banks and nbfc what are the challenges what are the areas which need to be covered before going for the uh the partnership uh so from Karnataka Bank we have been in this journey we enabled our policy which is the first thing which a bank has to do that the banks lending policy need to be enabled uh to make it viable for the bank through the directions of the boat to enter into the cool lending uh area so we had this coing policy Amendment into our Master credit policy for about two years back and then we seriously started pursuing uh uh the cending Partnerships for about an almost an year ago on today's date I can say that we are live with about four partners and we are in the process of integrating with about three Partners so overall our relationship today uh is uh on the table with about seven partners and on discussion of stage with another two or three Partners so this gave us a very good insight into uh the co lending methodologies and also what are the enablers which a system need to put in place uh when we come towards the journey on canding so we started in initially in As rightly Told by Mr D in the initial stages we try to bring the nbfc books also to near term with our policies and procedures then we understood that ke if we are trying to do that then we are not only crippling that process but we are also ending uh or bringing roadblocks on the nbfcs journey so that was the first realization we had when we were adjusting our polic IES or the processes in order to have ourself having a visibility into the coing then slowly and steadily we started interacting with the various teams of our partners at the early stage and we aligned our policies as a separate coal lending program which is being defined by the overall Master policy of the bank but each Co lending be it a financial inclusion plan with an agriculture or an mfi based instit or be it an msme institution nbfc institution where we'll be looking at an msme side or even to a certain extent when it comes to some of the organizations or nbfcs where we are tying up on the personal loan side [Music]