Uncategorized

YES BANK and Indiabulls Housing Finance Limited enter into a strategic co-lending partnership

YES BANK technology driven digital offerings, catering to Retail, MSME as well as corporate clients. 

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.

YES BANK: The partnership aims at synergizing capabilities to provide an efficient and seamless experience to retail home loan customers.

The co-lending framework laid down by 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.

Rajan Pental, Global Head – Retail Banking, YES BANK said, “We 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 model. The Bank is looking forward to further build a profitable and quality home loan portfolio through this partnership.” 

Gagan Banga, Vice Chairman & CEO, Indiabulls Housing Finance Limited  said “We can now leverage YES BANK’s deposit-led franchise and complement that with our technology-led distribution to provide efficient solutions around home Loans to a wide gamut of customers across geographies, ticket-size and yield spectrum, to give us balance-sheet light growth and profitability.” 

About YES BANK

YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients. 

YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

About Indiabulls Housing Finance Limited

Indiabulls Housing Finance Ltd. (IBHFL) is one of India’s largest housing finance company with a balance sheet size of 0.93 Trillion as of 31st March 2021. Rated ‘AA’ by CRISIL and ICRA, the company has serviced more than 1 million customers and cumulatively disbursed loans of over ₹ 2.84 Trillion.  

This article is shared with Prittle Prattle News in the form of a Press Release.

By Reporter

Related Posts

1 of 211