Central Bank of India has formally entered into a strategic Co-Lending Partnership with the retail-focused NBFC, IIFL Finance Limited. This collaboration aims to offer loans at competitive rates, leveraging IIFL Finance’s extensive reach in the gold loan sector. The partnership is expected to significantly expand the portfolio size for both entities, enhancing customer outreach across underserved segments in India. IIFL Finance reported Assets Under Management (AUM) of Rs.49,027.00 crores as of December 31, 2025.
Strategic Collaboration for Loan Distribution
Central Bank of India has finalized a Co-Lending Partnership with M/s. IIFL Finance Limited. This strategic alliance is designed to offer loans to customers at competitive rates, ensuring compliance with all applicable guidelines for such arrangements. Both institutions anticipate that this participation will lead to a greater expansion of their respective loan portfolios.
Profile of Partner Entity
IIFL Finance Limited operates as a major retail-focused Non-Banking Financial Company (NBFC) and is a leading player in the gold loan business nationwide. The company is headquartered in Mumbai and boasts a substantial network, operating 4,761 branches across the country. As of December 31, 2025, IIFL Finance Limited reported Assets Under Management (AUM) totaling Rs.49,027.00 crores, primarily serving customer bases in underserved segments.
Operational Mechanics and Borrower Benefits
Under the terms of this arrangement, IIFL Finance Limited will be responsible for originating loan proposals. These proposals will be jointly processed by both lenders based on jointly formulated credit parameters and eligibility criteria. A key benefit for the borrower will be the utilization of a blended interest rate charged across the loan. Furthermore, IIFL Finance Limited will manage the servicing of the loan account throughout its entire life cycle. This partnership is projected to aid both entities in expanding customer outreach across India.
Source: BSE
