Business Standard

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
Premium

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com