RBL Bank and Piramal Finance Forge Partnership to Launch Co-Lending Business.

Banking & Finance

In January 2025, RBL Bank Limited (formerly Ratnakar Bank Limited), based in Mumbai (Maharashtra), and Piramal Capital and Housing Finance Limited (Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (PEL), also based in Mumbai (Maharashtra), announced a strategic partnership to enhance financial inclusion.


      - This marks Piramal Finance’s third co-lending partnership, following collaborations with Axis Bank Limited and the Central Bank of India (CBI) Limited.

      - The collaboration aims to provide loans to middle and low-income borrowers in rural and semi-urban areas, with a special focus on Tier 2 and Tier 3 markets.

     

Main Point :-   (i) The primary objective is to offer competitive interest rates and tailored credit solutions to Micro, Small, and Medium Enterprises (MSMEs) and home loan borrowers.

      (ii) This partnership leverages RBL Bank's financial expertise and branch network, combined with Piramal Finance's innovative 'High Tech + High Touch' approach, to deliver competitive interest rates and customized credit solutions to underserved communities.


About RBL Bank

MD & CEO : R Subramaniakumar
Headquarter : Mumbai
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