The RBI Co-Lending Model, fully wired.
Originate-once, book-twice, customer-interface-once — the way RBI intended, the way operations actually want.
CortexData Co-Lending implements the Master Direction end-to-end: dual underwriting, escrow-backed disbursement, single customer interface, daily settlement reconciliation, and per-side PSL achievement tracking — all without the spreadsheet glue most banks rely on today.
- Configurable originator (bank or NBFC) + partner roles per programme
- Joint underwriting workflow with role-segregated screens
- Escrow integration: funds locked until both sides satisfy disbursement conditions
- Daily settlement reconciliation with shortfall/overshoot exception queue
- Per-side PSL achievement tracking + RBI quarterly co-lending statement
- Multi-partner: one bank runs N partner programmes simultaneously
- 01Configurable originator (bank or NBFC) + partner roles per programme
- 02Joint underwriting workflow with role-segregated screens
- 03Escrow integration: funds locked until both sides satisfy disbursement conditions
- 04Daily settlement reconciliation with shortfall/overshoot exception queue
Built for the operational reality of co-lending.
Co-lending sounds simple on a press release. In practice it's the hardest reconciliation problem in retail banking: two parties, one customer, daily settlement, regulatory exposure. CortexData is the engine that makes it boring.
Originator + partner workflow
Either bank or NBFC can be the originator. CortexData routes the application through the right roles: originator UW, partner UW, dual sanction, dual-disbursement.
Loan splits with audit trail
Configurable split ratios (typical 80/20 bank/NBFC, but configurable per programme). Principal, interest, and fee splits computed at every settlement event with full traceability.
Escrow integration
Funds locked in escrow until both originator and partner satisfy disbursement conditions. Reversal-on-failure path for atomicity. Auditable hold-and-release.
Partner compliance gate
Partner-side KYC re-verification, AML screening, and per-programme exposure caps. Monthly partner-compliance attestation and reconciliation.
Settlement reconciliation
Daily reconciliation of EMI collections between originator and partner. Exception queue for shortfall/overshoot. Settlement-window calendar (T+0 / T+1 / T+N).
Per-programme rules
Each co-lending programme encodes its own product mix, ticket-size band, geography, ROI ladder, fee split, and IRR floor — without code changes.
Lifecycle handoff
Originated under co-lending, managed under CortexData LMS — IRACP and PSL classification per side automatically. No manual reconciliation between origination and management.
Regulatory reporting
Per-partner exposure reports, RBI quarterly co-lending statement, partner audit pack — generated, not assembled.
Multi-partner ready
A single bank can run multiple NBFC partner programmes simultaneously, each with isolated tenancy, configuration, and reporting.
What CortexData Co-Lending does for compliance
| RBI directive / framework | CortexData implementation |
|---|---|
| RBI Master Direction — Co-Lending by Banks and NBFCs to Priority Sector (Nov 2020) | Originator + partner split mechanics, joint underwriting workflow, single customer interface, back-end book splitting |
| RBI Outsourcing Guidelines | Partner due-diligence registry, outsourcing agreement tracking, periodic-review calendar, vendor SOC reporting |
| RBI Master Direction — Priority Sector Lending | PSL flag carried through the partner-side disbursement; per-side PSL achievement tracked separately |
| RBI Master Direction — Customer Service | Single-customer-interface enforcement; grievance routing always to originator, with partner-side resolution requirement |
| RBI KYC Master Direction | KYC artefacts shared between originator and partner under valid consent; KYC re-use audit trail |
Frequently asked questions
Map your co-lending programme to CortexData.
Tell us your originator-partner split, your PSL targets, and your settlement window. We'll model your programme on CortexData and walk you through the full lifecycle — origination to settlement to reporting.