Axis Bank Ltd.

BSE: 532215 | NSE: AXISBANK
Large Cap | Bank - Private
1226.70
2.00 (0.16%)
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Axis Bank partners with India Shelter Finance Corporation

Date: 04-05-2023

Axis Bank and India Shelter Finance Corporation (IndiaShelter) have entered into a strategic partnership under the co-lending model. With this partnership, both lenders will be offering Secured MSME loans to middle and low-income segment borrowers based in the semi-urban regions.

This partnership will leverage the deep financial expertise of Axis Bank and the strong loan processing technology of IndiaShelter to assess the borrower’s credit profile and offer them loans at an optimal interest rate, ensuring a seamless banking experience. The partnership will empower Axis Bank and IndiaShelter to reach out to potential customers in the informal segment who are new to credit and are underserved by larger institutions.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.