Indiabulls Housing and HDFC ink pact for co-lending
Indiabulls Housing and HDFC ink pact for co-lending
Indiabulls Housing Finance (IBH) and mortgage lender HDFC Ltd have entered into a strategic co-lending partnership to offer housing loans at competitive rates.
IBH will originate retail home loans as per jointly drawn up credit policy and retain 20 per cent of the loan in its books, and 80 per cent will be on HDFC books, Indiabulls Housing said in a regulatory filing on Wednesday.
Indiabulls Housing will originate and process retail home loans as per jointly formulated credit parameters and eligibility criteria, HDFC Ltd said in another filing.
MSME funding: How FinTechs can help address credit gap for small businesses
A symbiotic relationship between banks and digital NBFCs can lead the way towards a win-win situation for all
The introduction of the Co-Lending Model (CLM) allows banks and registered NBFCs to co-lend to provide credit
The MSME (Micro, Small and Medium Enterprises) sector is emerging as one of the most significant pillars of the Indian economy as it contributes largely towards nation-building. MSME has emerged as the growth engine of the economy with a vast network of about 6.33 crore enterprises contributing 30 per cent of our nominal Gross Domestic Product (GDP) and 48 per cent to exports, said RBI Governor Shaktikanta Das, while addressing an event last week on the occasion of 185th Foundation Day Celebration of Bombay Chamber of Commerce and Industry.
MSME funding: How FinTechs can help address credit gap for small businesses origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.
Digital lender LoanTap has entered into a strategic partnership with Bank of Maharashtra for extending loans to micro, small and medium enterprises (MSMEs).
Under the co-lending model, LoanTap will bear the 20 per cent exposure while the rest 80 per cent will be borne by the bank.
Co-origination of loans as a scheme was introduced by the Reserve Bank of India (RBI) in 2018 to make non-banking finance companies and other banking institutions work closely with an increased focus on providing services like risk assessment to each other.
The co-lending model introduced as a revision in November 2020 provides greater flexibility to lenders and aims to enhance credit for the unserved and underserved sectors.
LoanTap ties up with Bank of Maharashtra for co-lending to MSMEs ANI | Updated: Feb 12, 2021 13:40 IST
Under the co-lending model, LoanTap will bear the 20 per cent exposure while the rest 80 per cent will be borne by the bank.
Co-origination of loans as a scheme was introduced by the Reserve Bank of India (RBI) in 2018 to make non-banking finance companies and other banking institutions work closely with an increased focus on providing services like risk assessment to each other.
The co-lending model introduced as a revision in November 2020 provides greater flexibility to lenders and aims to enhance credit for the unserved and underserved sectors.