Central Bank of India enters into Co-Lending Partnership with M/s. Capri Global Housing Finance Limited for Home Loans

Central Bank of India has entered into a strategic Co-Lending Partnership with M/s. Capri Global Housing Finance Limited to offer Home Loans at competitive rates, subject to compliance with the applicable law(s) including the applicable guidelines issued by Reserve Bank of India (RBI). The participation by both the entities in this Co-Lending arrangement will result in greater expansion of portfolio by Central Bank of India and M/s. Capri Global Housing Finance Limited.

M/s. Capri Global Housing Finance Limited is registered HFC with National Housing Bank. The HFC is engaged in providing Housing Loan. The company is headquartered in Mumbai and the network of branches across India enables it to source and service clients across 155 locations in 9 States/Union territories. The AUM of the Company as on 30th June 2023 was more than Rs.2700 Cr.

Under the arrangement, M/s. Capri Global Housing Finance Limited will originate and process Loan proposals under Home loan Sector as per jointly formulated credit parameters and eligibility criteria and Central Bank of India will take into its books 80% of the home Loans under mutually agreed terms. M/s. Capri Global Housing Finance Limited will service the loan account throughout the life cycle of the loan. The Co-Lending arrangement is expected to help both the entities to offer convenient experience and customer delight to their customers as well as help expand their reach across India.

Shares of Central Bank of India was last trading in BSE at Rs. 47.00 as compared to the previous close of Rs. 47.10. The total number of shares traded during the day was 1468649 in over 5874 trades.

The stock hit an intraday high of Rs. 47.39 and intraday low of 46.34. The net turnover during the day was Rs. 68757327.00.

Source : Equity Bulls

Keywords

CentralBankofIndia INE483A01010 CoLendingPartnership CapriGlobalHousingFinance