Yes Bank and WheelsEMI have entered into a strategic co-lending agreement to offer two-wheeler loans at competitive interest rates. The partnership aims at synergizing respective capabilities to provide an efficient and seamless lending experience to two-wheeler buyers across India. Under the arrangement, both the lenders plan to finance over 1 lakh two-wheelers in the first phase.
The tie-up is in line with the co-lending framework laid down by Reserve Bank, allowing collaboration benefits from a bank's low-cost funds and sourcing and servicing expertise of an NBFC. This will help expand the reach to underserved markets.
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.
