Aditya Birla Capital Limited (ABCL), India’s top diversified financial services provider, and India Post Payments Bank (IPPB), a Government of India entity, have formed a strategic alliance to increase loan product accessibility and reach throughout Bharat.
In order to give IPPB clients across the country easy access to finance, this cooperation combines Aditya Birla Capital’s comprehensive range of loan products with IPPB’s vast network and digital infrastructure. Through this partnership, IPPB will offer its current clientele referral services for Aditya Birla Capital’s extensive loan offerings, which include business loans, personal loans, and loans secured by real estate.
Through Aditya Birla Capital’s cutting-edge digital platforms, IPPB customers will be able to access credit facilities, guaranteeing a simplified procedure for speedy approvals, little paperwork, and hassle-free distribution. This ecosystem combines state-of-the-art artificial intelligence (AI) and data analytics to provide tailored financial solutions that meet the various needs of clients nationwide.
“We are delighted to partner with Aditya Birla Capital to bring their diverse suite of lending products to our customers,” stated Mr. R. Viswesvaran, MD & CEO, India Post Payments Bank, while expressing his thoughts on the cooperation. Through a streamlined digital loan application procedure with customizable options, this cooperation will guarantee our consumers fast access to financing. This partnership aligns with our mission to provide every Indian citizen with access to the whole range of top-notch banking products and services.
“This partnership is in line with our goal of improving financial inclusion and making credit easily accessible to both individuals and businesses,” stated Mr. Rakesh Singh, Executive Director & Chief Executive Officer (Designate) – NBFC, Aditya Birla Capital Limited. With the help of India Post Payments Bank’s wide network and our streamlined online loan application procedure, we hope to provide more simple and adaptable lending choices to a wider range of clients. This partnership demonstrates IPPB and Aditya Birla Capital’s shared dedication to enhancing financial accessibility and promoting personal development. With credit approval at ABCL’s exclusive discretion, IPPB will serve as ABCL’s primary referral partner on a non-risk participation basis.
About the of India Post Payments Bank :
The Government of India owns all of the equity in India Post Payments Bank (IPPB), which was founded under the Department of Posts, Ministry of Communication. September 1, 2018, was the debut date of IPPB. The bank was founded with the goal of being India’s most easily accessible, reasonably priced, and reliable bank for the average citizen. Removing obstacles for the unbanked and underbanked and reaching the last mile by utilizing the postal network, which consists of around 1,65,000 post offices (about 140,000 in rural regions) and approximately 3,00,000 postal workers, is the core mission of India Post Payments Bank.
The core tenets of India Stack—enabling Paperless, Cashless, and Presence-less banking at the consumers’ doorstep in a straightforward and safe manner using a smartphone and biometric device coupled with CBS—form the basis of IPPB’s reach and operational model. Using frugal innovation and a strong emphasis on mass banking accessibility, IPPB provides 11 crore consumers in 5.57 lakh Indian villages and towns with straightforward and reasonably priced financial solutions via user-friendly interfaces that are available in 13 languages.
IPPB is dedicated to supporting a cashless economy and advancing the goal of Digital India. When all Indians have equal access to financial security and empowerment, the country will thrive. “Every customer is important, every transaction is significant, and every deposit is valuable” is still our motto. Our email address is [email protected].