Karur Vysya Bank's tie up with Home Credit India

Karur Vysya Bank on Wednesday informed the tie up with Home Credit India (HCIN) for a unique lending partnership.

HCIN, a local arm of international consumer finance provider committed to drive financial inclusion in India has for the first time tied-up with Karur Vysya Bank for joint lending. HCIN keeping its objective of empowering customers is committed towards driving penetration and broadening financial inclusion through responsible lending in the country. Under this Tie-up HCIN will facilitate the sourcing and servicing of loans whereas Karur Vysya Bank will process loans through an app based end-to-end paperless solution that is unique in the industry.

Karur Vysya Bank (KVB) is one of the leading bank in India which primarily operates in treasury, corporate/wholesale banking and retail banking segments. KVB is one of the earliest banks in the country to achieve full networking of its branches under core banking solutions. KVB provides services such as personal, corporate, agricultural banking and services to NRIs and MSME.

On Thursday, the stock of Karur Vysya Bank opened at Rs. 57.45 per share and made an intraday high and low of Rs. 57.55 and Rs. 56.50, respectively on the BSE. The stock closed at Rs. 56.65, down by 1.90 per cent.