HDFC Ltd and India Post Payments Bank (IPPB) made a strategic partnership to offer HDFC Ltd’s home loans to 4.7 crore customers of IPPB through its wide network of 650 branches and over 1.36 lakh banking access points. The partnership helps to promote affordable housing in the remotest locations of India.
Under the partnership, IPPB will offer home loans for customers in unbanked and underserved areas through nearly 1,90,000 banking service providers including postmen and Gramin Dak Sevaks.
Important takeaways for all competitive exams:
- MD and CEO of India Post Payments Bank (IPPB): J Venkatramu;
- India Post Payments Bank (IPPB) was incorporated as Payments Banking Company under Section 22 (1) of the Banking Regulation Act, 1949;
- India Post Payments Bank (IPPB) Headquarters: New Delhi.