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Mahindra Finance Joins Hands with India Post Payments Bank

Published on October 21, 2022
Current Context: Mahindra and Mahindra Financial Services Ltd. partnered with India Post Payments Bank (IPPB) to boost credit access.
Mahindra Finance Joins Hands with India Post Payments Bank
  • The primary objective of this partnership is to strengthen reliable credit access to a larger customer base.
  • According to the agreement, IPPB will provide lead referral services to Mahindra Finance for loan categories related to commercial vehicles, passenger vehicles, tractors, and three-wheelers.
  • It will also assist the existing Mahindra Finance customers with cash EMI deposit facilities at the post office.
  • IPPB branches in the states of Maharashtra and Madhya Pradesh have been chosen for the scheme.
  • Mahindra and Mahindra Financial Services Ltd. were established in 1991 with their headquarters in Mumbai, Maharashtra. The current President of the company is Ramesh Iyer.

Question:

Q.1 Mahindra and Mahindra Financial Services Ltd. joined hands with _________ to provide credit access to its customers.
a. Indian Post Payments Bank
b. LIC
c. NABARD
d. SIDBI
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