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Shriram Housing Finance has signed a co-lending agreement with State Bank of India for priority sector affordable home loans.
“The two entities will jointly service housing loan customers as per the 20:80 co-lending model (CLM) of the Reserve Bank of India (RBI),” they said in a statement on Thursday.
Shriram Housing Finance will target priority sector housing loans in the affordable housing segment under this co-lending arrangement with SBI. Shriram Housing Finance will originate, process and service the loans.
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