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HDFC Bank partnered with IPPB

Published on October 28, 2021
Current Context: The HDFC bank entered into a strategic partnership with India Post Payments Bank (IPPB).
HDFC Bank partnered with IPPB
  • They have partnered to offer housing loans to around 47 million customers.
  • For this, both entities have signed the MoU.
  • Due to this partnership, personal finance facilities like home loans will be available through post offices in villages of India.
  • Hence due to this rural areas can also avail of home loan facilities.
  • The IPPB’s 650 branches and over 1.36 lakh banking access points i.e. post offices will provide HDFC home loan facilities on a vast scale.
  • The credit, technical work, legal work, loan processing, and disbursement will be managed by HDFC Bank.
  • Static Part: 
    • HQ of HDFC Bank: Mumbai
    • MD and CEO of HDFC Bank: Sashidhar Jagdishan
    • HQ of IPPB: New Delhi
    • MD and CEO of IPPB: J Venkatramu

Question: 

Q.1 HDFC Bank partnered with which entity to provide home loans to its customers?
a. Andhra Pradesh Grameena Vikas Bank
b. India Post Payments Bank
c. Bandhan Bank
d. AU Small Finance Bank
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