Piramal Finance Inks Co-Lending Partnership With Muthoot Fincorp

Mumbai: Piramal Finance on Monday announced a co-lending partnership with Muthoot Fincorp to expand access to affordable housing finance and loan-against-property solutions for small businesses.

The two financiers aim to make formal credit more accessible for aspiring homeowners, self-employed professionals and small business owners, particularly in Tier 2 and Tier 3 towns, as well as semi-urban and rural markets, according to a statement.

**** *Axis Finance launches initiative to boost data-led credit Non-bank lender Axis Finance on Monday launched an initiative to accelerate data-led credit decisioning.

Christened ‘Drishti’, the initiative aims to improve turnaround times and strengthen risk oversight across retail and small business finance, according to a statement.

**** *Standard Chartered appoints Kavita Kulkarni as CTO for India, South Asia Foreign lender Standard Chartered Bank on Monday appointed Kavita Kulkarni as chief technology and operations officer for India and South Asia.

She was serving as managing director and chief information officer for private banking and wealth management at Barclays Bank prior to this and will be a part of the country management team for India based in Mumbai, according to a statement.

***** *AU Small Fin Bank revises interest rate offering for FCNR deposits AU Small Finance Bank on Monday upped its interest rate offering for FCNR (B) deposits of 3-4 year tenure by 0.50 per cent to a peak of 7.40 per cent.

The peak rate on NRE fixed deposits has been revised to 7.60 per cent per annum from 7 per cent for the 36 Months 1 Day to 45 Months tenure, a statement said.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)