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    Question

    Shriram Housing Finance Limited (SHFL) has signed a

    co-lending agreement with public sector lender ____________for business loans against affordable homes & will target self-employed customers for business loans against their property in the affordable housing segment.
    A Indian Overseas Bank Correct Answer Incorrect Answer
    B Punjab & Sind Bank Correct Answer Incorrect Answer
    C Punjab National Bank Correct Answer Incorrect Answer
    D Union Bank of India Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Shriram Housing Finance Limited (SHFL) has signed a co-lending agreement with public sector lender Punjab and Sind Bank (PSB) for business loans against affordable homes. The two entities will jointly service the self-employed customers as per the co-lending model (CLM) of the Reserve Bank of India (RBI). Under the co-lending arrangement, SHFL will target self-employed customers for business loans against their property in the affordable housing segment with PSB. SHFL will originate, process and service the loans.

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