IndusInd Bank has plans to finance housing. The bank will extend loans for low cost housing and is proposing to have an arrangement with a payments bank that will be set up. CEO of the bank Ramesh Sobti said entering the low-cost housing loans segment is both a diversification as well as a natural extension of our microfinance activities. It is at the assessment stage and in a few months, the bank will be firming up the plans, he added. At present, the bank originates loans for mortgage major HDFC and entering the low-cost housing segment will also help it to meet priority sector lending targets.
