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MRHFL partnered with IPPB

Published on May 25, 2021
Current Context: The subsidiary of Mahindra and Mahindra Financial Ltd named ‘Mahindra Rural Housing Finance Limited (MRHFL)’ has entered into a partnership with India Post Payments Bank (IPPB).
MRHFL partnered with IPPB
  • They have partnered to boost a strategic partnership for cash management solution.
  • Under this partnership, IPPB will offer cash management and collection services to MRHFL through its access points and postal service providers.
  • Therefore, because of the cash management service, the customers of MRHFL will be able to repay their monthly or quarterly loan instalments at over 136,000 post offices.
  • Static Part: 
    • HQ of MRHFL: Mumbai
    • HQ of IPPB: New Delhi
    • Tagline of IPPB: Aapka Bank, Aapke Dwaar
    • MD and CEO of IPPB: J Venkatramu

Question: 

Q.1 With whom has Mahindra Rural Housing Finance Limited (MRHFL) partnered for a cash management solution?
a. Axis Bank
b. Paytm
c. Indian Post Payment Bank
d. Karnataka Bank
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