Sunday, Dec 4 2022 | Time 01:44 Hrs(IST)
image
Business Economy


Aadhar Housing Finance, UCO Bank in co-lending pact on home loans

New Delhi, Oct 29 (UNI) Aadhar Housing Finance and UCO Bank have entered into a co-lending agreement to offer home loans at competitive interest rates to economically weaker, lower and middle-Income groups.
The partnership, which follows the co-lending framework of the Reserve Bank of India, will provide affordable, easy, convenient and efficient home finance solutions to customers in the under-served sections of the society.
Home loan penetration in India at around 10 per cent is one of the lowest globally. Pandemic-induced demographic changes, initiatives taken by the Central and state governments such as the Pradhan Mantri Awas Yajana, reduction in GST on affordable housing and stamp duty cuts are expected to give a fillip to affordable housing, especially in tier-2 and smaller centres, said Atul Kumar Goel, MD and CEO of UCO Bank.
The two institutions have planned to use their network and infrastructural abilities to serve the objective. The wide network of UCO Bank, coupled by its digital and advanced IT infrastructure, improved control, underwriting function and distribution capability, along with Aadhar Housing Finance’s network of more than 300 branches covering 12,000+ locations, aims at achieving co-lending model’s objective of improving flow of credit to unserved and underserved sectors of the economy.
UNI NMJ RJ
More News

Telangana Govt signs MoU with Coinbase Inc

03 Dec 2022 | 5:59 PM

Hyderabad, Dec 3 (UNI) Telangana Government on Saturday signed a Memorandum of Understanding (MoU) with Coinbase Inc. to collaborate towards building a strong Web 3.0 community in the state.

see more..

UK based Sram and Mram group to invest Rs 2 lakh crores in Odisha on semiconductor unit

03 Dec 2022 | 5:30 PM

Bhubaneswar, Dec 3 (UNI) United Kingdom based Sram and Mram Group will invest Rs.2 lakh crore in a semiconductor unit in Odisha.

see more..

EV retail business in India likely to grow to USD 206 bn by 2030: experts

03 Dec 2022 | 5:30 PM

Mumbai, Dec 3 (UNI) Retailing of electric vehicles is emerging as one of the lucrative business opportunity in India and the industry estimated that in next 8-10 years the retail business itself will be a USD 206 billion opportunity, observed experts.

see more..

Airbnb together with Goa Tourism to launch ‘Rediscover Goa’ from Dec 12 to 18

03 Dec 2022 | 5:13 PM

Mumbai, Dec 3 (UNI) Airbnb, an online marketplace focused on short-term homestays and experiences, in collaboration with the Goa Tourism department will launch ‘Rediscover Goa’, a week-long celebration of Goa's vast cultural diversity beyond its beaches and dazzling nightlife, from December 12-18.

see more..

Kottayam-Kochi Rubber Market Rates

03 Dec 2022 | 3:43 PM

Kottayam, Dec 3 (UNI) Following were the Rubber Market rates (per quintal) announced by the Rubber Board here today
KOTTAYAM
RSS FOUR: 14550
RSS FIVE : 14200
KOCHI
RSS FOUR : 14550
RSS FIVE : 14200
UNI PA BAV.

see more..
image