- 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
a. Bank of Baroda
b. UCO Bank
c. Bank of Maharashtra
d. Union Bank of India
