IPPB & Aditya Birla Capital Join Hands to Boost Access to Loan Products Across India
India Post Payments Bank and Aditya Birla Capital Join Hands to Boost Access to Loan Products Across India
Posted on: May 22, 2025 | Location: New Delhi
In a significant move aimed at enhancing financial accessibility across the country, India Post Payments Bank (IPPB), a Government of India undertaking under the Ministry of Communications, has partnered with Aditya Birla Capital Limited (ABCL), one of India’s leading diversified financial services companies. The strategic alliance is focused on expanding the availability of loan products to citizens across urban and rural Bharat through digital innovation and an extensive service network.
Seamless Credit Access for All
This partnership will enable IPPB to act as a referral agent for Aditya Birla Capital’s broad suite of loan offerings, including personal loans, business loans, and loans against property. These services will be offered through ABCL’s digital platforms, ensuring a seamless, fast, and paperless loan application and approval process for IPPB’s widespread customer base.
Leveraging artificial intelligence and advanced data analytics, the digital platform will offer tailored loan solutions to meet the diverse financial needs of customers across India. With IPPB’s vast postal network and ABCL’s digital lending capabilities, this collaboration is poised to bridge the credit access gap, especially in underserved and rural areas.
Leaders Speak
Speaking on the occasion, Mr. R. Viswesvaran, MD & CEO of India Post Payments Bank, expressed enthusiasm for the collaboration:
“We are delighted to partner with Aditya Birla Capital to bring their diverse suite of lending products to our customers. This partnership will ensure that our customers have easy access to credit through a simplified digital loan application process with flexible options. This collaboration is consistent with our vision of ensuring that a full suite of best-in-class banking products and services are available to every common man in India.”
Mr. Rakesh Singh, Executive Director & CEO (Designate) – NBFC, Aditya Birla Capital Limited, echoed this sentiment:
“This partnership aligns with our vision to enhance financial inclusion and provide easy access to credit for individuals and businesses. Leveraging India Post Payments Bank’s extensive reach and our simplified digital loan application process, we aim to serve a larger customer base with convenient and flexible loan options.”
Non-Risk Participation Model
Under the terms of the partnership, IPPB will serve as the lead referral partner for ABCL on a non-risk participation basis. All credit sanctions and underwriting responsibilities will rest solely with Aditya Birla Capital.
About India Post Payments Bank
Launched on September 1, 2018, India Post Payments Bank operates with the vision to be the most accessible, affordable, and trusted bank for the common man. Fully owned by the Government of India, IPPB uses the vast postal network of approximately 1.65 lakh post offices and 3 lakh postal employees, particularly in rural India, to deliver digital-first banking services.
With a focus on financial inclusion, IPPB operates on the principles of the India Stack, offering paperless, cashless, and presence-less banking through CBS-integrated smartphones and biometric devices. Today, it serves over 11 crore customers across more than 5.5 lakh villages and towns, supporting the broader goals of a Digital India and a financially empowered citizenry.
No comments