India: Piramal Group may partner with foreign, PSU banks for co-lending

India: Piramal Group may partner with foreign, PSU banks for co-lending

A file photo of Ajay Piramal, chairman, Piramal Group. Photo: Mint

Piramal Group plans to collaborate with public sector and foreign banks for co-lending opportunities, which will generate fee income for the company and help maintain return on equity (ROE), the firm’s chairman Ajay Piramal told analysts on a call on Tuesday.

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