Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates. The partnership aims at synergising capabilities to provide an efficient and seamless experience to retail home loan customers.
The co-lending framework laid down by RBI 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. The bank is looking forward to further building a profitable and quality home loan portfolio through this partnership. This is in line with Yes Bank's strategy of expanding its retail franchise through a mix of organic and partnership-led origination model.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
