Piramal Housing joins with Punjab & Sind Bank: Game-Changing Alliance for Co-Lending

To increase credit availability for middle- and low-income borrowers, with a focus on rural and semi-urban areas, Punjab & Sind Bank, one of India's top public sector banks, and Piramal Capital & Housing Finance Limited (Piramal Finance), a prominent Non-Banking Financial Company (NBFC), have partnered strategically.

This partnership combines Piramal Finance's distinctive "High Tech + High Touch" strategy with Punjab & Sind Bank's vast branch network and in-depth financial knowledge. Furthermore, outreach and accessibility will be strengthened by Piramal Finance's robust presence across 514+ branches in 13,000 pin codes, catering to 4.5 million consumers in 26 states.

The two lenders hope to close the credit gap for MSMEs, house loan applicants, and borrowers by utilizing their combined advantages in customer reach, stringent underwriting criteria, and sophisticated credit assessment technologies. In order to promote financial inclusion and economic progress, the collaboration will provide competitive interest rates and tailored lending solutions, especially in Tier 2 and Tier 3 cities.

Jairam Sridharan, Managing Director, Piramal Finance Ltd says, “We are pleased to partner with Punjab & Sind Bank, our fourth collaboration with a major financial institution, to expand access to credit in underserved markets. Partnerships are key to scaling impact in a vast and diverse country like India, allowing us to serve deeper markets and reach more customers. By combining our strengths, we’re making formal credit more accessible, driving economic growth, and empowering individuals and businesses across Bharat with greater financial security.”