Yes Bank, Indiabulls Housing Finance inked Co- Lending Agreement for Home Loans

A co-lending agreement was inked between Yes Bank and Indiabulls Housing Finance for home Loans. This collaboration aimed to enhance
Capabilities of providing seamless experience too Retail home loan customers.
•Under this, home loans will be provided at Competitive interest rates.
What is the Co-Lending Model (CLM)?
The framework of co-lending was provided by Reserve Bank of India (RBI) with an objective to Join the low-cost funding model of a bank with
Cost-efficient sourcing and servicing capabilities Of Non-Banking Financial Company (NBFC) to Unserved and underserved sectors of lIndia.
•The co-lending bank will take its share of the Individual loans on a back-to-back basis in Their books, while NBFC is required to retain a Minimum of 20% share of the individual loans On its books.
•The CLM is not applicable to foreign banks Concluding wos- wholly owned subsidiaries) With less than 20 branches.

Key Points:
i.The partnership is in line with Yes Bank’s strategy of expanding its retail franchise through partnership models for profitable and quality home loan portfolio.
ii.On the other hand, Indiabulls Housing Finance will leverage Yes Bank’s deposit with its technology-led distribution to provide efficient solutions for home loans to a wide base of customers.
About Yes Bank:
Establishment- 2004
Managing Director (MD) & Chief Executive
Officer (CEO)- Prashant Kumar
Headquarters- Mumbai, Maharashtra
Tagline-India bole Yes About Indiabulls Housing Finance:
Managing Director (MD)- Gagan Banga
Headquarters- Mumbai, Maharashtra