HDFC - Co-Origination Partnership With Indiabulls To Complement Business Growth: ICICI Securities 
The Housing Development Finance Corp. (HDFC) logo is displayed inside the bank’s branch in Mumbai, India. (Photographer Vivek Prakash/Bloomberg)

HDFC - Co-Origination Partnership With Indiabulls To Complement Business Growth: ICICI Securities 

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ICICI Securities Report

Housing Development Finance Corp. has entered into a strategic co-lending partnership with Indiabulls Housing Finance Ltd. to offer retail housing loans at competitive rates.

We believe the partnership will complement business growth for both the companies by jointly addressing the competitive as well as untapped home loan market.

HDFC can leverage on Indiabulls Housing Finance’s potential scalability (Indiabulls Housing Finance is targeting to increase its retail customer base 1.5 times by March 2023 and two times by March 2025 and achieve a monthly disbursal run-rate of Rs 15 billion by September 2021).

For Indiabulls Housing Finance, the partnership is in line with its strategy to pursue asset-light growth, and will lend further credibility to the quality of its lending origination.

Click on the attachment to read the full report:

ICICI Securities HDFC Company Update.pdf

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