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Sunday, February 5, 2023

PNB, Aadhar Housing Finance Enter Into Co-Lending Partnership

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HT Bureau

GUWAHATI, Jan 25: Punjab National Bank (PNB) & Aadhar Housing Finance Ltd. have entered into a co-lending agreement to offer Home Loans at competitive interest rates. Through this partnership, the aim is to reach out to a large section of society viz. economically weaker, lower, and middle-income groups for providing easy, convenient, and efficient home finance solutions to customers. Notably, the co-lending framework of the Reserve Bank of India provides a tool for the Banks and NBFCs/HFCs to collaborate, and leverage their respective strengths to provide an affordable solution to the unserved and underserved sections of society.

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The agreement was signed in the presence of executive directors Kalyan Kumar, Binod Kumar, M Paramasivam, chief general manager, Punjab National Bank Sunil Kumar Chugh, and DS Tripathi, executive vice chairman from Aadhar Housing Finance Ltd., among others.

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The Hills Timeshttps://www.thehillstimes.in/
The Hills Times, a largely circulated English daily published from Diphu and printed in Guwahati, having vast readership in hills districts of Assam, and neighbouring Nagaland, Meghalaya, Arunachal Pradesh and Manipur.
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