Shriram City Union Finance’s arm partners with State Bank of India
25th Mar 2022

Shriram City Union Finance’s subsidiary company -- Shriram Housing Finance has signed a co-lending agreement with State Bank of India (SBI), India’s largest bank, 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).

Part of the Shriram Group, Shriram Housing Finance is amongst the largest affordable housing financier in India and one of the fastest-growing companies in the segment. The company 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.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.