India Post Payment Bank (IPPB), operating under the aegis of the India Post, Union Ministry of Communications, has announced a strategic partnership with the country’s leading financial services company, Aditya Birla Capital Limited (ABCL). The mutual agreement that was signed between them provides an opportunity to explore and leverage each other’s strengths. Under the partnership, IPPB would provide access to its wide network to ABCL, while simultaneously, ABCL would provide loans and other financial facilities to the customers of IPPB across the country.
India Post Payment Bank-Aditya Birla Capital Partnership
The Ministry of Communication briefed about the partnership and said that the mutual partnership would connect the loan products of Aditya Birla Capital with the extensive digital infrastructure of India Post Payment Bank. The customers of IPPB would get an opportunity to explore the loan facilities of Aditya Birla, whereas Aditya Birla would be exposed to the larger customer base of IPPB, thereby making it easier for them to expand their reach.
According to R. Visweswaran, MD and CEO of India Post Payments Bank, the alliance would provide its customers with a wide range of loan product options from the comfort of their homes with minimal documentation processes through Aditya Birla Capital’s digital platform. He said the partnership with Aditya Birla Capital would provide Post Payment Bank customers with a variety of loan products, along with the facility of an easy digital application process. The partnership is in line with IPPB’s vision to provide best-in-class banking products and services to every common man in India, thereby, promoting financial inclusion.
Advantages
Rakesh Singh, CEO of Aditya Birla Capital Limited, said in this regard that the partnership is important in increasing financial inclusion and ensuring access to a wide range of loan products for the common people. The common people would definitely benefit from India Post Payments Bank’s network and our easy digital loan disbursal process.
India Post Payment Bank (IPPB) and Aditya Birla Capital Limited (ABCL) have partnered with bring convenient loan access to millions of Indians. IPPB’s vast network will provide ABCL access to a wider customer base, while ABCL’s loan products will be easily accessible through IPPB’s digital platform. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
