Page 24 - Banking Finance September 2021

PRESS RELEASE

Paisabazaar.com Closes its Largest Home Loan Case of Rs. 9.35 Crore

Paisabazaar.com, India’s largest digital consumer credit marketplace*, announced today that it has closed its highest
online home loan case of Rs 9.35 crore.
The home loan, sourced through the Paisabazaar platform, was disbursed by a leading private bank to a Hyderabad
resident.
"Paisabazaar enabled me to compare multiple offers and choose the best. Despite the large amount, I had a great and
hassle-free experience", said Nitin Aggarwal**, an entrepreneur from Hyderabad, who took the high-ticket size home
loan.
Paisabazaar said, over the years, it has witnessed a growing affinity, across consumer segments, towards using digital
mediums to find the right home loan offer. The Paisabazaar platform receives ~10,000 enquiries in a month for Home
Loans above Rs. 50 lakh and has closed high-ticket loans in the past as well.
“The high-ticket disbursals are a testimony to both the evolving consumer behaviour and the trust we have gained as
the market leader. Buying a home is a crucial life goal for consumers and it’s gratifying to be an enabler towards this,”
said Naveen Kukreja, CEO & Co-founder, Paisabazaar.com.
Paisbaazaar.com has 20+ active partnerships for home loans across the lending ecosystem, which includes India’s largest
Banks, NBCFs and HFCs.
“Comparing and choosing the right home loan offer is crucial as it can make a big difference to the overall cost of the
loan for consumers. At Paisabazaar, our aim has always been to offer consumers the widest choice through deep
partnerships, convenient and transparent processes along with expert advice and assistance,” said Ratan Chaudhary,
Business Head, Home Loans, Paisabazaar.com.

Karnataka Chief Minister Inaugurates 11 Branches of Axis Bank,

Digitally

Axis Bank, India’s third largest private Bank announced the opening of 11 branches in Karnataka, which includes 10
branches in Bangalore city and 1 in Mulki. These branches were digitally inaugurated by Shri. Basavaraj Bommai, Chief
Minister of Karnataka, in the presence of Axis Bank representatives Ms. Baisakhi Banerjee - Regional Branch Banking
Head, South; Ms. Mummidi Rama - Circle Head, Bangalore and Ms. Jasmine Shetty - Group Head, Government Business
Banking - South.
Commenting on the inauguration of the branch, Mr. Ravi Narayanan, Group Executive & Head - Branch Banking, Retail
Liabilities and Products, Axis Bank said, "Around 65% of the services offered by our branches are now fully available
through our Branch of the Future initiative. Though we continue to upscale our digital products and solutions, we strongly
believe that retail branches are an important base for reaching out to our customers. We stand committed to providing
superior banking services to cater to their ever-evolving needs.’’

Axis Bank will leverage the branches to reach out to customers, empower them with digital offerings and facilitate
services through Axis Pay, Axis Mobile application etc. It will educate and encourage customers to increasingly make use
of the digital modes of payments for daily transactions. The branches will cater to all basic banking transactions and also
specific needs of customers, offering the entire spectrum of banking products and financial services covering retail and
institutional lending.

With the addition of these news branches, Axis Bank will now cater to customers through 181 branches and 1075 ATMs
in Bangalore.

24 | 2021 | SEPTEMBER | BANKING FINANCE