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SBI inks co-lending pact with five HFCs for affordable housing

SBI expects to grow home loan book to Rs 7 trn by 2024

State bank of india, SBI

Abhijit Lele Mumbai
Country’s largest lender State Bank of India has signed a co-lending agreement with five housing finance companies including PNB Housing Finance and Shriram Housing Finance to give loans for affordable homes.

Shortage in affordable housing continues to be a major concern for India, especially for the Economically Weaker Section (EWS) and the Informal Sections of the society. SBI is actively looking at co-lending opportunities with multiple HFCs to further improve the penetration in this segment, bank SBI chairman Dinesh Khara said in a statement. Other three HFCs with whom SBI signed agreement are IIFL Home Finance, Edelweiss Housing Finance, and

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First Published: Mar 24 2022 | 7:26 PM IST

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