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BoB signed MoU with CHFL

Published on December 11, 2021
Current Context: The Bank of Baroda signed MoU with Centrum Housing Finance Limited (CHFL).
BoB signed MoU with CHFL
  • The MoU was signed to source and finance housing loan borrowers under Co-lending Model (CLM) mechanism.
  • Due to this partnership, multiple opportunities are opened up for both entities to enhance their businesses.
  • The BoB will be able to enhance its services in markets of tier 2 & tier 3 cities at very competitive rates.
  • It will be able to serve more housing loan segment business and make the achievement of Rs.1000 crore in one financial year.
  • Static Part: 
    • HQ of CHFL: Mumbai
    • HQ of BoB: Vadodara, Gujarat
    • Dena Bank and Vijaya Bank are amalgamated into BoB

Question: 

Q.1 Which bank signed MoU with Centrum Housing Finance Limited (CHFL) to source and finance housing loan borrowers?
a. Bank of Baroda
b. UCO Bank
c. Bank of Maharashtra
d. Union Bank of India

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