- The partnership was made to have portfolio management of its securitization book.
- Due to this, the Federal Bank will be able to track digitally its ABS & MBS pool assets in a digital manner.
- These assets will be enabled with CredPool, which is CredAvenue’s end-to-end securitization and portfolio buyouts and fulfillment solutions platform.
- Currently, the Post-transaction fulfillment services are performed manually. The evaluation of asset quality is conducted only at the end of each quarter.
- But due to this partnership, real-time evaluation and digital monitoring capabilities for Federal Bank’s securitization book will take place.
- The CredAvenue is also providing its facility to a host of leading banks and NBFCs.
- Static Part:
- HQ of Federal Bank: Aluva, Kerala
- Tagline of Federal Bank: Your perfect banking partner
- MD and CEO of Federal Bank: Shyam Srinivasan
Question:
Q.1 In Oct 2021, which bank partnered with CredAvenue to use its ‘CredPool’ feature for the portfolio management of the bank’s securitization book?
a. Karur Vyas Bank
b. IndusInd Bank
c. South Indian Bank
d. Federal Bank
a. Karur Vyas Bank
b. IndusInd Bank
c. South Indian Bank
d. Federal Bank
