Any strategic tie-ups to enhance consumer experience?
Punjab & Sind Bank and Dewan Housing Finance Corporation Limited (DHFL) join hands to do joint financing of small ticket house loans in a big way. This marks the first ever relationship of a public sector company with a private sector bank in India! DHFL is the second largest housing finance company specializing in housing to lower income groups. P&SB, which has been rated as the best medium sector bank in the recent KPMG survey is positioning itself as a banker for SME & small borrowers. The MoU between P&SB and DHFL aims at providing an efficient delivery mechanism for housing finance to low income groups in Punjab, Haryana & Chandigarh.