Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans
Real Estate

Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans

The company told the media that Indiabulls Housing Finance and Yes Bank have entered into a strategic co-lending partnership to provide home loans to homebuyers.

On Wednesday, Yes Bank and Indiabulls Housing Finance, in a joint release, told the media that under this strategic co-lending agreement, they would give home loans to homebuyers at competing interest rates.

The partnership intends to synergise capacities to produce an efficient and seamless experience for retail home loan customers.

Rajan Pental, the global head (Retail Banking) of Yes Bank, informed the media that it is in line with the bank's strategy of increasing its retail franchise through a mix of organic and partnership-led origination model.

Gagan Banga, vice chairman & CEO, Indiabulls Housing Finance told the media that they can now leverage Yes Bank's deposit-led franchise and complement that with their technology-led distribution to render effective solutions around home Loans to a wide gamut of customers over geographies, ticket size and yield spectrum, to provide them profitability and balance-sheet light growth.

The co-lending framework laid down by the Reserve Bank of India gives a collaboration device to serve from the low-cost funding model of a bank and the cost-efficient sourcing and maintaining abilities of a non-bank.

Recently, Yes Bank partnered with PayNearby, an Indian branchless banking and digital payments network, for onboarding 10,000 Women BC Sakhis from Self Help Groups to give banking services to several Gram Panchayats in Uttar Pradesh.

Image Source


Also read: Indiabulls Housing Finance gets board approval to raise Rs 7,000 cr

Also read: Indiabulls, HDFC join hands to offer home loans at competitive rates

The company told the media that Indiabulls Housing Finance and Yes Bank have entered into a strategic co-lending partnership to provide home loans to homebuyers. On Wednesday, Yes Bank and Indiabulls Housing Finance, in a joint release, told the media that under this strategic co-lending agreement, they would give home loans to homebuyers at competing interest rates. The partnership intends to synergise capacities to produce an efficient and seamless experience for retail home loan customers. Rajan Pental, the global head (Retail Banking) of Yes Bank, informed the media that it is in line with the bank's strategy of increasing its retail franchise through a mix of organic and partnership-led origination model. Gagan Banga, vice chairman & CEO, Indiabulls Housing Finance told the media that they can now leverage Yes Bank's deposit-led franchise and complement that with their technology-led distribution to render effective solutions around home Loans to a wide gamut of customers over geographies, ticket size and yield spectrum, to provide them profitability and balance-sheet light growth. The co-lending framework laid down by the Reserve Bank of India gives a collaboration device to serve from the low-cost funding model of a bank and the cost-efficient sourcing and maintaining abilities of a non-bank. Recently, Yes Bank partnered with PayNearby, an Indian branchless banking and digital payments network, for onboarding 10,000 Women BC Sakhis from Self Help Groups to give banking services to several Gram Panchayats in Uttar Pradesh. Image Source Also read: Indiabulls Housing Finance gets board approval to raise Rs 7,000 cr Also read: Indiabulls, HDFC join hands to offer home loans at competitive rates

Next Story
Equipment

Godrej Material Handling Leads East India with 21% Market Share

The Material Handling business of Godrej & Boyce, a part of Godrej Enterprises Group, is powering industrial growth in Eastern India marking over 60 per cent Y-o-Y growth in the Jamshedpur region for FY25. Solidifying its market leadership, the business commands a dominant 21 per cent market share in the Eastern region, serving as a crucial enabler for the region’s manufacturing sector. At the Indomach Expo in Jamshedpur, the business is showcasing its next-generation forklift to meet evolving needs of Eastern India’s industrial corridor. Jamshedpur, Eastern India’s industrial po..

Next Story
Equipment

Mecbo America Launches Scorpion Concrete Crawler Boom

Mecbo America, a division of Blastcrete Equipment LLC, brings a new product to its lineup: the Scorpion Concrete Crawler Boom. The Scorpion provides contractors working in piling, drilling, tunnelling or commercial construction with a flexible arm for placing concrete where needed without disrupting the jobsite. It is an economical enhancement for contractors who have a concrete pump but need an effective way to deftly move material to spots that are difficult or unsafe to reach using other methods.“As concrete contractors grow and the scope of their work changes, many recognize the need for..

Next Story
Infrastructure Urban

REC Flags off Mobile Medical Units Funded in Punjab

REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, under its flagship CSR initiative Mobile Medical Units has committed Rs 42.9 million for the procurement and deployment of four Mobile Medical Units (MMUs) in 4 districts of Punjab. These units, handed over to the Indian Red Cross Society, Punjab, were flagged off by Hon’ble Governor Shri Gulab Chand Kataria Ji at Punjab Raj Bhawan.Serving as a lifeline for deprived communities, the MMUs will provide essential healthcare across four districts. REC Foundation continues to expand its CSR footprint, with various Mobil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?