Piramal Finance and ICICI Bank Co-Lending for Home Loans
Why in the news
NBFC Piramal Finance and ICICI Bank tied up for co-lending to borrowers outside big cities.
Key facts
- Products: home loans and loans against property (LAP).
- Goal: deepen formal credit and offer affordable mortgages to MSMEs and individuals.
- Model: Piramal’s “High Tech + High Touch” approach plus ICICI Bank’s banking expertise.
- Fits financial inclusion, rural empowerment and Housing for All.
The partners
| Partner | Profile |
|---|---|
| Piramal Finance | Wholly owned subsidiary of Piramal Enterprises Ltd.; over 4.5 million customers |
| ICICI Bank | Listed on BSE, NSE and NYSE; assets ₹20.13 lakh crore (31 Dec 2024) |
Exam angle
- Co-lending: an NBFC and a bank sharing loans.