Piramal Finance opens first all-women branch in Kochi

Tags: State News

Piramal Finance opened the first all women branch named "Maitreyi" at Thripunithura near Kochi to cater to the unique needs of women customers.

An Overview of the News

• Kerala was chosen as the location for the inaugural branch due to its demographic and market dynamics, 50% of customers in Kerala are women, as against the national average of 20%.

• Kerala also has a high percentage of self-employed individuals, highlighting the entrepreneurial spirit of the state's population.

• Each Maitreyi branch has a dedicated team of 7-15 women employees to cater to the specific needs of the customers.

• The branch offers a wide range of services including home loans, MSME loans with a focus on home construction and property loans.

• Piramal Finance aims to strengthen its commitment to provide financial services to women across India by opening branches in Jaipur, Mumbai, Mohali and New Delhi.

• The company plans to set up a 500-strong branch network across 1,000 locations by the end of the year, showcasing its commitment to financial inclusion and serving the needs of customers across the country.

About Kerala

• Formation - 1 November 1956

• Capital - Thiruvananthapuram

• Official Bird - Great Hornbill

• Governor - Arif Mohammad Khan

• Chief Minister - Pinarayi Vijayan

Origin of rivers in Kerala

1. Periyar River

2. Bharathapuzha River

3. Pamba River

4. Chaliyar River

5. Chalakudy River

India's longest lake - Vembanad, Kerala