YES Bank enters into a planned grouping with DHFL
YES BANK has signed a Memorandum of Understanding with Dewan Housing Finance Corporation Limited (DHFL), a leading housing finance group for distribution of Home Loans to all YES BANK customers. In the first phase, this joint product will be targeted to customers through the 60 main branches of YES BANK across 25 cities in India. DHFL will offer the booked assets to YES BANK for participation through a syndication agreement.
Rana Kapoor, Founder, Managing Director & CEO, YES BANK said, “It is our privilege to partner such a leading housing finance group, and I am confident that this alliance will redefine the selling of home loans through banks. With a strong network of DHFL, I truly believe that YES BANK will be able to deliver best-in-class home loan offerings to all its customers across India. On the eve of our first year completion of Version 2.0, we look forward to the continuous support of our partners”.
Speaking on the association with YES BANK, Kapil Wadhawan, Chairman & Managing Director, DHFL said “This tie-up helps both the entities to leverage their individual strengths. This association will further boost the DHFL network and will help reach out to the customers of YES BANK Limited for home loan products.”
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