MUMBAI: India Post Payments Bank (IPPB) and Small Industries Development Bank (Sidbi) have tied up to accelerate formal financial services in rural India and among smaller companies.
The agreement is to leverage India Post’s deep connect with rural India and Sidbi’s lending and credit risk assessment models that could help millions get formal credit.
“We look forward to a fruitful and meaningful partnership with IPPB which can make a positive impact on millions of informal rural enterprises in the country by improving their access to financial services and financial literacy,” said S Ramann, CMD, Sidbi.
