Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary of Mahindra and Mahindra Financial Ltd, and India Post Payments Bank (IPPB) have tied up a strategic partnership for a cash management solution. As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service providers.
Mahindra Rural Housing Finance said in a statement, adding that with the cash management service, its customers will be able to repay their monthly or quarterly loan instalments at over 1.36 lakh post offices. Cash management being the lifeline of business operations, IPPB with its robust network and technology platform can help corporates to manage their receivables safely, securely and seamlessly.
Important takeaways for all competitive exams:
- MD and CEO of India Post Payments Bank (IPPB): J Venkatramu.
- India Post Payments Bank (IPPB) Headquarters: New Delhi.