Indiabulls Housing turns asset-light with HDFC deal

On Wednesday, Indiabulls announced a partnership with HDFC. Indiabulls will originate and process retail home loans as per jointly formulated credit parameters and eligibility criteria. Of these loans, 80% will be on HDFC’s books, while Indiabulls will retain 20%. The loans will be serviced by Indiabulls throughout their lifecycle.

from Markets-Economic Times https://economictimes.indiatimes.com/markets/stocks/news/indiabulls-housing-finance-to-change-its-avatar-become-originator-of-loans/articleshow/82207444.cms