Indiabulls Housing turns asset-light with HDFC deal

On Wednesday, Indiabulls announced a partnership with HDFC. Indiabulls will originate and process retail home loans as per jointly formulated credit parameters and eligibility criteria. Of these loans, 80% will be on HDFC’s books, while Indiabulls will retain 20%. The loans will be serviced by Indiabulls throughout their lifecycle.

from Markets-Economic Times https://ift.tt/2Qp4PHq