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Piramal Capital & Housing Finance Collaborates with Punjab & Sind Bank to Boost Rural and Semi-Urban Lending.

Banking & Finance | Dated: 19 Mar 2025

In March 2025, Piramal Capital & Housing Finance Limited (PCHFL) (Piramal Finance), based in Mumbai (Maharashtra), formed a strategic co-lending partnership with Punjab & Sind Bank, a public sector bank headquartered in New Delhi (Delhi). The goal of this partnership is to increase credit access for middle- and low-income borrowers, with a focus on underserved areas like rural and semi-urban regions across India.

🎯 Key Highlights:

  • - The partnership aims to help micro, small, and medium enterprises (MSMEs) and individuals looking for home loans.

💡 Other Important Facts:

  • (i) The agreement intends to offer customized credit solutions with attractive interest rates, focusing on Tier 2 and Tier 3 cities to improve access to formal loans.
  • (ii) Punjab & Sind Bank, with 1,575 branches, brings strong financial expertise, while Piramal Finance, with over 514 branches covering 13,000 pin codes, serves 4.5 million customers across 26 states.
  • (iii) Together, they combine solid underwriting practices with advanced credit evaluation tools to provide efficient credit solutions.

📚 Test Your Knowledge:

Which bank did Piramal Capital & Housing Finance recently collaborate with to boost rural and semi-urban lending?

Correct Answer: Punjab & Sind Bank

🚀 Quick Recap: