RBL Bank & Piramal Finance partner to offer Co-Lending Business

RBL Bank, one of India’s private sector banks, and Piramal Capital and Housing Finance (referred to as Piramal Finance), a wholly owned subsidiary of Piramal Enterprises Limited (‘PEL’), a Non-Banking Financial Company, have announced a strategic partnership under their co-lending business.

Through this partnership, both lenders will offer loans to middle- and low-income segment borrowers with a focus on rural and semi-urban regions. This is the third co-lending partnership for Piramal Finance, following similar collaborations with Axis Bank and the Central Bank of India.