Categories: Agreements

HDFC Ltd and India Post Payments Bank partnered to Offer Home Loans

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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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