YES Bank, India's new age private sector Bank signed a Memorandum of Understanding with Dewan Housing Finance Corporation Limited (DHFL), a leading housing finance group for distribution of Home Loans to all YES Bank customers. In the first phase, this joint product will be targeted to customers through the 60 main branches of YES Bank across 25 cities in India. DHFL will offer the booked assets to YES Bank for participation through a syndication agreement.
Speaking on the occasion, Mr. Rana Kapoor, Founder, Managing Director & CEO, YES Bank said, "It is our privilege to partner such a leading housing finance group, and I am confident that this alliance will redefine the selling of home loans through banks. With a strong network of DHFL, I truly believe that YES Bank will be able to deliver best-in-class home loan offerings to all its customers across India. On the eve of our first year completion of Version 2.0, we look forward to the continuous support of our partners"
Speaking on the association with YES Bank, Mr. Kapil Wadhawan, Chairman & Managing Director, DHFL said "This tie-up helps both the entities to leverage their individual strengths. This association will further boost the DHFL network and will help reach out to the customers of YES Bank Limited for home loan products."
YES Bank currently has 214 branches across 164 cities in India, with over 250 ATMs, and two National Operating Centres in Mumbai and Gurgaon.
DHFL also has similar strategic alliances with three leading Public Sector banks viz Punjab & Sind bank, United Bank of India and Central Bank of India.
About Dewan Housing Finance Corporation Limited (DHFL):
Dewan Housing Finance Corporation Limited (DHFL) was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segment of the society. Today, DHFL is one of leading housing finance groups in India with four Housing Finance Companies under its fold to cater to the housing finance needs of cross section of customers. DHFL presently serves the housing finance needs of the urban, semi urban and rural clientele across India with a strong distribution and servicing network. The other Companies in the Group viz DHFL Vysya, Aadhar Housing Finance and the newly acquired Deutsche Postbank Housing Finance Co. Ltd. enable the group to reach out to a much wider customer spectrum. The company's representative offices in Dubai and London facilitate Non-Resident Indians (NRI) for purchase of residential properties in India through housing finance from DHFL. DHFL has also tied up with UAE Sponsorship Centre to promote and sell housing finance products through its network of 45 branches across UAE.
ABOUT YES Bank
YES Bank, India's new age private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder, Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES Bank has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
YES Bank has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES Bank is steadily evolving as the Professionals' Bank of India with the long term mission of "Building the Best Quality Bank of the World in India"
