Piramal Finance has announced a strategic partnership with ICICI Bank to enhance credit accessibility for middle and low-income borrowers, with a particular focus on India’s semi-urban and rural regions. The collaboration will primarily target home loans and loans against property, aiming to make credit more affordable and inclusive.
The partnership reinforces Piramal Finance’s commitment to financial inclusion by leveraging its innovative ‘High Tech + High Touch’ approach alongside ICICI Bank’s banking expertise. This move is expected to strengthen Piramal Finance’s footprint in underserved markets.
With a network of 510 plus branches across 13,000 pin codes and a customer base of 4.5 million spread across 26 states, Piramal Finance is well-positioned to scale outreach and improve access to formal credit.
Jairam Sridharan, Managing Director of Piramal Finance Limited, stated, “With rapid urbanisation, rising incomes and supportive Government initiatives driving growth in the mortgage market, strategic partnerships like this are central to our mission of serving India—making formal credit more accessible and empowering individuals and businesses across the country.”
This partnership marks a significant step towards building a more inclusive financial ecosystem and expanding the reach of formal credit in India’s growth markets.
