A recent press report said that YES bank, an India-based banking company engaged in providing a wide range of banking and financial services, has signed a Memorandum of Understanding(MoU) with Dewan Housing Finance Corporation Limited (DHFL), a leading housing finance group for distribution of Home Loans to all YES BANK customers.
Initially, it has been planned that the joint product will be targeted to customers through the main branches of YES BANK across 25 cities in India. The bank currently has 60 main branches across the country. Reports said that DHFL will offer the booked assets to YES BANK for participation through a syndication agreement.
Rana Kapoor, Founder, Managing Director & CEO, YES BANK said that the bank was privileged to partner with DHLF. He added saying that the partnership will bring changes in the selling of home loan through banks. He also said that the bank is expected to offer the best home loan to all its customers.
Kapil Wadhawan, Chairman & Managing Director, DHFL said that the tie-up will help both the entities to influence their individual strength.The tie up will enhance the DHLF network and will smooth the progress of reaching the YES BANK customers for home loan products.