Mumbai : Piramal Capital & Housing Finance
Limited (Piramal Finance), a leading Non-Banking Financial Company (NBFC), and
Punjab & Sind Bank, one of India’s premier public sector banks, have
entered into a strategic co-lending partnership to enhance credit availability
for middle- and low-income borrowers, with a special emphasis on rural and
semi-urban regions.
This collaboration brings together Punjab & Sind Bank’s deep
financial expertise and extensive network of 1575 branches with Piramal
Finance’s unique ‘High Tech + High Touch’ approach. Additionally, Piramal
Finance’s strong presence across 514+ branches in 13,000 pin codes, serving 4.5
million customers in 26 states, will further strengthen outreach and
accessibility.
Jairam
Sridharan, Managing Director, Piramal Finance Ltd said, “We are pleased to partner with
Punjab & Sind Bank, our fourth collaboration with a major financial
institution, to expand access to credit in underserved markets. Partnerships
are key to scaling impact in a vast and diverse country like India, allowing us
to serve deeper markets and reach more customers. By combining our strengths,
we’re making formal credit more accessible, driving economic growth, and
empowering individuals and businesses across Bharat with greater financial
security.”
By leveraging their combined strengths in customer reach, strong
underwriting standards, and advanced credit assessment tools, the two lenders
aim to bridge the credit gap for MSMEs, home loan seekers, and borrowers. The
partnership will offer competitive interest rates and customized credit
solutions, particularly in Tier 2 and Tier 3 cities, supporting financial
inclusion and economic growth.
About
Piramal Capital & Housing Finance Limited:
Piramal
Capital & Housing Finance Limited (Piramal Finance), a wholly owned
subsidiary of Piramal Enterprises Limited (flagship company of the Piramal
Group), is a leading Non-Banking Financial Company - Housing Finance Company
(NBFC-HFC) engaged in retail and wholesale lending.
In
retail lending, Piramal Finance is one of the leading players that address the
diverse financing needs of the under-served and unserved people of the ‘Bharat’
market. It has over 1.3 million active customers and a presence in 26 states
with a network of 514 conventional branches, as on 31st December
2024. It offers multiple products, including home loans, loans against
property, used car loans, and small business loans to Indian budget-conscious
customers at the periphery of metros and in Tier I, II, and III cities. In
wholesale lending, it caters to both real estate as well as non-real estate
sectors and offers multiple products including construction finance, structured
debt, and senior secured debt
For
more information visit: piramalfinance.com
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