KVB, Chola jointly launch co-lending business

Karur Vysya Bank the main private area bank, and Cholamandalam Investment and Finance Company Limited (Chola), the financial services arm of the Murugappa Group, mutually reported that they have effectively launched Co-loaning business in association.

The co-loaning model is an extraordinary chance for banks and NBFCs to draw upon one another’s qualities. Co-loaning business will altogether assist Chola and Karur Vysya Bank with extending their compass to new client portions the nation over where Chola has a more grounded presence to target high esteem credit segments like development hardware and Commercial vehicles.

Sharing his musings on the equivalent, Mr. Ravindra Kundu (Executive Director, Cholamandalam Investment and Finance Company Limited) said, “Our central goal at Chola is to empower our clients enter a superior life and we keep on improving to deliver this. We emphatically accept our co-loaning association with KVB will help us earn piece of the overall industry across sections of clients because of our more grounded presence all through the country. Co-loaning is another heading for Chola yet we are sure that this will before long advance into a productive organization model for KVB and Chola.