DCB Bank trades marginally in green on entering into co-lending business alliance with Easy Home Finance
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DCB Bank is currently trading at Rs. 126.35, up by 0.15 points or 0.12% from its previous closing of Rs. 126.20 on the BSE.
The scrip opened at Rs. 125.85 and has touched a high and low of Rs. 127.10 and Rs. 123.40 respectively. So far 90561 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 136.65 on 18-Dec-2023 and a 52 week low of Rs. 96.70 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 136.65 and Rs. 123.40 respectively. The current market cap of the company is Rs. 3938.89 crore.
The promoters holding in the company stood at 14.81%, while Institutions and Non-Institutions held 51.73% and 33.45% respectively.
DCB Bank has entered into a co-lending business alliance with Easy Home Finance (EASY) - India’s leading mortgage Tech Company, to offer affordable home loans in the country. This alliance seeks to leverage DCB Bank’s expertise in the affordable housing segment and EASY’s tech capabilities to enable quick disbursement of affordable home loans and fulfill the dream of many an Indian of owning a home, come true.
DCB Bank has built a granular and secure home loan portfolio across varied geographies and has built expertise in credit assessment for a range of loans such as, prime home loans, affordable home loans, Loan against Property (LAP), Micro-LAP, loan for home improvement, and construction finance for developers as well. EASY is a pioneer in the mortgage tech space in the Indian subcontinent. The co-origination, underwriting and disbursement activities from both the parties working together will enable a seamless process for new home buyers. Easy’s asset-light model of neo banking mortgage and a greater reach for digital home loans combined with rural and urban connect of DCB Bank will help customers in faster processing of their home loan application.
DCB Bank is one of the emerging private sector banks in India. The Bank is amongst the first private sector banks to waive advisory fee and service charge for Mutual Fund investment.
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