Question
Shriram Housing Finance Limited (SHFL) has signed a
co-lending agreement with public sector lender ____________for business loans against affordable homes & will target self-employed customers for business loans against their property in the affordable housing segment.Solution
Shriram Housing Finance Limited (SHFL) has signed a co-lending agreement with public sector lender Punjab and Sind Bank (PSB) for business loans against affordable homes. The two entities will jointly service the self-employed customers as per the co-lending model (CLM) of the Reserve Bank of India (RBI). Under the co-lending arrangement, SHFL will target self-employed customers for business loans against their property in the affordable housing segment with PSB. SHFL will originate, process and service the loans.
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