UCO Bank enters co-lending deal with Aadhar Housing Finance

11 Nov 2021 CW Team

Kolkata-based UCO Bank had entered a co-lending deal with Aadhar Housing Finance to provide home loans at competitive prices.

A UCO Bank spokesman told the media that the partnership aims to render easy and convenient home finance solutions to buyers from the economically weaker sections of society.

The co-lending framework of the Reserve Bank of India gives a tool for banks and non-banks to collaborate, leverage on their strengths to provide an affordable solution to the unserved and underserved sections.

Atul Kumar Goel, UCO Bank MD and CEO, on the occasion, said that home loan penetration in India at about 10% is one of the lowest globally.

Demographic changes, initiatives taken by central and state governments like Pradhan Mantri Awas Yojana, a decrease in GST on affordable housing and stamp duty reductions due to the pandemic are likely to provide a fillip to the affordable housing sector particularly in Tier-2 and smaller centres, he said.

Image Source

Also read: Yes Bank, Indiabulls Housing enter co-lending pact to offer home loans

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..