Bank of Baroda has entered into a strategic co-lending agreement with JM Financial Home Loans, which is the housing finance arm of JM Financial Group. Under the arrangement, the bank will offer retail loans to home buyers. The tie-up is expected to create a lending model synergizing the expertise of both Bank of Baroda and JMFHL to providing retail home loan products. Vikramaditya Singh Khichi, ED, Bank of Baroda said there is huge potential in the retail home loan space that can be tapped through co-lending partnerships between large organizations like Bank of Baroda and financial services players like JM Financial Home Loans.
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