Page 21 - Banking Finance July 2025

PRESS RELEASE

Paisabazaar Expands Product Suite with Loan Against Car; Ties Up with

HDFC Bank, Tata Capital, and Others
Paisabazaar, India’s leading marketplace for consumer credit and free credit score platform, today announced the launch
of its new offering - ‘Loan against Car’. The new product further expands Paisabazaar’s product suite and would help expand
access to credit to new consumer segments.
Paisabazaar has partnered with multiple partners, including HDFC Bank and Tata Capital, to provide tailored Loan Against
Car offers. The launch is in line with Paisabazaar’s long-term strategy to go deeper in secured lending, by scaling its key
categories Home Loans and Loan Against Property, while building new categories like Loan Against Car.

Santosh Agarwal, CEO, Paisabazaar, said, “As a marketplace, we remain focused on providing varied consumer segments
with diverse product offerings and a wide choice of lenders. Launching new categories like Loan Against Car is a natural
step towards scaling and expanding our secured portfolio – a key growth pillar for us over the next few years. As we grow,
we would continue to work with our partners and the industry to help address genuine consumer pain-points and build a
more inclusive ecosystem.”
Loan Against Car would offer another avenue of credit to consumers on the Paisabazaar platform, especially those with
limited options from more traditional options.

HDFC Bank to Organise Mega ‘Auto Loan Mela’ in Maharashtra
HDFC Bank is set to conduct a two-day mega ‘Auto Loan Mela’ in Maharashtra. The mela will be held on June 3 and 4,
2025 across 325 branches in Maharashtra (excluding Mumbai). Leading four-wheeler dealerships in the region will showcase
latest offerings. Customers visiting the mela can view and test drive the vehicles while eligible customers can get on-the-
spot loan sanctions with easy repayment choices.

The loan mela will offer unified platform designed to connect buyers with genuine car dealers, while ensuring smooth
loan disbursal through HDFC Bank – Xpress Car loan. This facility is available for both existing and prospective HDFC Bank
customers. Xpress Car Loan platform enables a complete digital, paperless, and contact-free process, allowing auto loan
disbursal to dealers. within just 30 minutes. With HDFC Bank Xpress car loan, customers can make their dream car a
reality in just 30 mins, with no documentation and 100% digital process.
“The Auto Loan Mela will bring prospective buyers and dealers under one roof to offer a simplified car buying experience.
Eligible customers can avail of attractive offers and loans on the spot. This is yet another step in our continuous journey
of being customer centric and offering customer convenience.” said, Tarun Chaudhry, Branch Banking Head, Maharashtra,
HDFC Bank.”

Bank of Baroda Commemorates International Day of Yoga 2025

as Part of its Year-Round Employee Health & Wellness Framework

Bank of Baroda (Bank), celebrated the International Day of Yoga 2025 across all its offices as part of its comprehensive
BOB Employee Health and Wellness Framework. Demonstrating its long-term commitment to employee well-being, Bank
of Baroda launched daily live online Yoga & Meditation sessions in November 2024, to encourage employees and their
families to invest 30-minutes every day in their physical and mental health.
On International Day of Yoga, the Bank organised in-person Yoga sessions for employees across locations, led virtually by
a certified Yoga instructor. Further, it recognised staff members who have consistently attended the online yoga sessions
since Nov 2024.
In the run-up to the Bank’s 118th Foundation Day on July 20, Bank of Baroda also announced the launch of the 'Rise with
Yoga' campaign, an initiative to motivate employees to experience the many benefits of regularly practicing yoga.

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