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IPPB joined hands with LIC Housing Finance

Published on September 09, 2021
Current Context: The India Post Payments Bank (IPPB) has joined hands with LIC Housing Finance.
IPPB joined hands with LIC Housing Finance
  • They joined hands to sell housing finance products to the former’s 4.5 crore customers.
  • The LIC Housing Finance will look after home loan’s credit underwriting, processing, and disbursement of the loans.
  • The IPPB will look after the sourcing of the home loans.
  • Due to this collaboration, the customers will be able to access home loan products of LIC Housing Finance through IPPB’s network.
  • IPPB will make LIC Housing Finance home loan products accessible to its customers in India.
  • Under this collaboration, IPPB’s 200,000 postal employees will offer LIC housing loans through its innovative Doorstep Banking Service.
  • Static Part: 
    • HQ of IPPB: New Delhi
    • Tagline of IPPB: Aapka Bank, Aapke Dwaar
    • MD and CEO of IPPB: Venkatram Jayathy
    • HQ of LIC Housing Finance: Mumbai
    • Tagline of LIC Housing Finance: Where dreams come home
    • MD and CEO of LIC Housing Finance: Y Viswanatha Gowd

Question: 

Q.1 With which housing finance entity has India Post Payments Bank joined hands to sell home loan products?
a. LIC Housing Finance
b. PNB Housing Finance
c. GIC Housing Finance
d. Dewan Housing Finance Corporation
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