Explanation:

• The India arm of Netherlands-based Home Credit Group has tied up with Karur Vysya Bank (KVB) for joint lending to tap the large unbanked customer base across the country. • It has a total business of about Rs 1.1 lakh crore with a deposit base of Rs 60,000 crore and a loan book of Rs 50,000 crore. • Home Credit India (entry in 2012) has spread its operations over 179 cities across 20 states and emerged with the largest penetration is below the Rs. 10,000 category with a customer base of one crore. • Karur Vysya Bank is a 103-year-old scheduled commercial bank headquartered at Karur in Tamil Nadu.