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YES BANK and Indiabulls Housing Finance Limited Entered into a Strategic Co-Lending Partnership

News Desk, News Nation 360 : YES BANK and Indiabulls Housing Finance Limited have entered into a strategic co-lending agreement to offer home loans to homebuyers at competitive interest rates. The partnership aims at synergizing capabilities to provide an efficient and seamless experience to retail home loan customers. Rajan Pental, Global Head - Retail Banking, YES BANK said that they are pleased to partner with Indiabulls Housing Finance Limited. This is in line with YES BANK’s strategy of expanding its retail franchise through a mix of organic and partnership-led origination models. The Bank is looking forward to further build a profitable and quality home loan portfolio through this partnership. The co-lending framework laid down by the Reserve Bank of India provides a collaboration tool to benefit from the low-cost funding model of a bank and the cost-efficient sourcing and servicing capabilities of a non-bank.

Report : Anustup Kundu