Mahindra Rural Housing Finance Ltd (MRHFL) and India Post Payments Bank (IPPB) on Monday announced a strategic partnership for cash management solutions.
As part of the tie-up, IPPB will be offering cash management and collection services to MRHFL through its access points and postal service providers.
With the cash management service, MRHFL customers will be able to repay their monthly or quarterly loan installments at over 1.36 lakh post offices.
J Venkatramu, Managing Director and CEO of IPPB, said that as technology continues to evolve and creates new ways of doing business, it has been the bank's constant endeavour to offer accessible and affordable banking solutions.
"With its robust network and technology platform, IPPB can help corporates to manage their receivables safely, securely and seamlessly," he said.
( With inputs from ANI )
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor