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

Banking & Finance | Dated: 30 Jan 2025

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.

🎯 Key Highlights:

  • - 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.

💡 Other Important Facts:

  • (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.

📚 Test Your Knowledge:

Which bank Recently announced a strategic partnership with Piramal Finance in January 2025 to enhance financial inclusion?

Correct Answer: RBL Bank

🚀 Quick Recap:

About RBL Bank

  • MD & CEO : R Subramaniakumar
  • Headquarter : Mumbai