_2020091018165303jzv.jpg "Decoding The World Of ETF")
My Account
My Account
IIFL Finance on December 19 said its home loan subsidiary has tied up with ICICI Bank to provide affordable housing and MSME loans.
"IIFL Home Finance Ltd…and ICICI Bank have entered into a sourcing and servicing arrangement to partner in extending credit to the affordable housing loans & MSME loans (loan against property)," IIFL Finance said in a regulatory filing.
Under the tie-up, IFL Home will originate and service customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing and in turn, ICICI Bank will provide funding to these customers, it added.
Definitive agreements for the arrangement, including the sourcing agent agreement and service provider agreement were executed between IIFL Home and ICICI Bank on December 18, the filing said.
Explained | How Development Projects Worth $800 Mn Approved By The World Bank Will Benefit India Watch more 
FIIs favour small & midcaps; 10 stocks generate multibagger returns Watch more 
Business Insight | After Burger King, KFC & Pizza Hut Operator May Bring An IPO In 2021 Watch more 
Ideas For Profit | Organised Footwear Players Set For Strong Growth, Should Investors Keep An Eye On Bata Or Relaxo? Watch more 
