Piramal Finance opens first all-women branch in Kochi

Tags: State News

Piramal-Finance-opens-first-all-women-branch-in-KochiPiramal 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

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