Punjab National Bank housing finance plans tie-ups

The bank housing finance is gazing formation tie-ups with a number of the banks for co-lending within the housing loan sector and is hopeful that these styles of partnerships are win-win for all the shoppers, banks like NBFCs, a really prime official has said.

Reserve Bank of India had allowed the co-lending theme for the banks below that they’ll co-lend with the non-banking finance firms, together with all the housing finance firms, supported a previous agreement.

We have already got our policy approved on the co-lending and you may terribly shortly be hearing a number of the announcements from the corporate in terms of some agreement that we’ll merely enter with banks.

Prasad already said that co-lending will tremendously help all the consumers in bringing down the cost of these loans. As the housing financier is promoted by this Punjab National Bank, no such agreement can take place with all the lenders.

As also related party transactions, I cannot do this with the promoter, we will be doing this with some other banks. We have already identified these banks and first, we would also like to do this with a very few of them so that we also very perfect this and we will find out what the friction is.

If there are any problems, we will also go through all the process once we have perfected it then we can simply go ahead and do it with a larger number of the players. On being asked about all the expectations from the budget.

He conjointly highlighted that no matter what is within the scope of the states, they’re doing this already like the reduction within the stamp tax, development fee, premium charges, and a few of a lot of other items.

Most of the states have done this and many will simply continue to promote these because everybody knows that once the real estate sector simply starts kicking-in. 



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