This is the fourth co-lending partnership for Piramal Finance, following similar collaborations with Axis Bank, Central Bank of India and RBL Bank
Mumbai, March 17: 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.
