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Piramal Finance Joins Hands with ICICI Bank to Expand Access to Credit Solutions.

Banking & Finance | Dated: 12 Apr 2025

In April 2025, Mumbai (Maharashtra)-based Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Ltd.), a leading Non-Banking Financial Company (NBFC), entered into a co-lending partnership with ICICI Bank Limited, a prominent private sector bank also headquartered in Mumbai (Maharashtra).

🎯 Key Highlights:

  • - This strategic alliance aims to improve credit accessibility for middle and low-income borrowers, especially across rural and semi-urban regions, with a focus on Home Loans and Loan Against Property.
  • - The partnership aligns with Piramal Finance's broader strategy to strengthen its footprint in India’s semi-urban markets, reaffirming its commitment to offering simple, accessible, and affordable credit solutions to underserved communities.

💡 Other Important Facts:

  • (i) The collaboration aims to deliver affordable credit solutions to borrowers residing in Tier 2 and Tier 3 cities, thereby supporting financial inclusion and contributing to economic growth across underserved regions.
  • (ii) Piramal Finance brings its innovative ‘High Tech + High Touch’ model, blending advanced technology with personalized customer service, while ICICI Bank offers its deep financial and banking expertise, enhancing the partnership's overall effectiveness.
  • (iii) With a network of over 510 branches covering 13,000+ pin codes and catering to nearly 4.5 million customers across 26 states, Piramal Finance’s wide presence will significantly strengthen credit delivery and outreach under this alliance.

📚 Test Your Knowledge:

Recently, which Non-Banking Financial Company (NBFC) has partnered with ICICI Bank to improve credit access in rural and semi-urban areas?

Correct Answer: Piramal Finance

🚀 Quick Recap: