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 Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..