Center Bank of india inks co-lending Pacts with induabulls Housing, IIFL to offer Home Loans

In June 2021 central Bank of India announced co- landing partnerships with Non- Banking finance companies(NBFCs).

India bulls housing finance limited and LFL home finance limited(India bulls HLF) and ILF Home finance Limited (IIFL HFL) to offer housing loans under priority sector to home buyers .

  • Indiabulls HLF and IIFL HFL will service the loan account throughout the life cycle of the loan they will originate and process retail home loans.
  • central Bank of India will take 80% of the housing loan into its book under direct assignment transactions .
  • This co-lending is based on Reserve Bank of India’s (RBI) co-lending Model (CLM), which was announced by it in November 2020.

About centre Bank of

Establishment – 1911

Headquarters – Mumbai, Maharashtra

MD&CEO – M. V. Rai

Tagline – centre to you since 1911

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close