NEW DELHI, Mar 17: Piramal Capital & Housing Finance Ltd (Piramal Finance) on Monday said it has entered into a strategic co-lending partnership with public sector lender Punjab & Sind Bank to enhance credit availability for middle- and low-income borrowers, with a special emphasis on rural and semi-urban regions.
The non-banking financial company said that the collaboration will further strengthen its 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,” Piramal Finance said. (UNI)
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