Axis Bank and Piramal Finance Join Forces for Co-Lending Business in India

Source: Mint

Axis Bank and Piramal Finance have partnered to establish a co-lending business aimed at extending loans to underserved segments in India. This partnership aims to reach middle and low-income borrowers who lack access to traditional banking services, as well as to expand financial inclusion into rural and semi-urban areas beyond major cities.

The newly established partnership will facilitate reaching middle and low-income borrowers in rural and semi-urban areas who are either new to credit or have not been served by larger institutions before.