Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance MSME Loans

PNB Housing Finance Signed Co-Lending Partnership with Yes Bank

Both organisations will jointly do due diligence and co-originate the loan at an agreed ratio. PNB Housing will service customers through the entire loan lifecycle including sourcing, documentation and collection with an information-sharing arrangement with Yes Bank.

author-image
SMEStreet Edit Desk
06 Mar 2021 03:39 IST

Follow Us

New Update
Neeraj Vyas, PNBHFL, PNB Housing Finance

PNB Housing Finance and Yes Bank said they have entered into a strategic co-lending agreement to offer customised retail loans for homebuyers at competitive interest rates.

Both organisations will jointly do due diligence and co-originate the loan at an agreed ratio. PNB Housing will service customers through the entire loan lifecycle including sourcing, documentation and collection with an information-sharing arrangement with Yes Bank.

In 2020, the Reserve Bank of India allowed the co-origination of housing finance companies with banks to enable non-banking finance companies (NBFCs) and other banking institutions to provide mutually-beneficial risk assessment services.

The revised co-lending model introduced in November last year gives lenders greater flexibility vis-a-vis offering higher credit for the unserved and underserved segments of the population.

Rajan Suri, Business Head for retail at PNB Housing Finance, said India's financial sector is witnessing a historical disruption with most banks and NBFCs harnessing the power of new-age technologies to innovate and deliver qualitatively superior products and services to customers.

"The digital transformation has opened up untapped opportunities in the retail home loan space. We have seen a steady demand among working class, especially millennials who are keen to realise their dream of owning a home early in their careers," he said.

Rajan Pental, Global Head for retail banking at Yes Bank, said the partnership will go a long way to bring local expertise and assist the bank to boost its footprint in newer geographies.

"It is our constant endeavour to curate and innovates products that add value for customers, and source meaningful partnerships that enable us to serve that goal," he said.

Business Loans Lending Loans Yes Bank PNB Housing Co-Lending
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!