Central Bank of India has informed the Exchange about Co-Lending Partnership with M/s. IIFL Finance Limited.
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Central Bank of India has entered into a co-lending partnership with IIFL Finance Limited, an RBI-registered retail-focused NBFC and a leading player in the gold loan business. Under this arrangement, IIFL Finance will originate loan proposals, while both lenders will jointly process them based on shared credit parameters. Borrowers will benefit from a blended interest rate, and IIFL Finance will handle loan servicing throughout the loan lifecycle. IIFL Finance brings a wide network of 4,761 branches and an asset under management (AUM) of Rs. 49,027 crore as of December 31, 2025. The partnership is expected to help expand the loan portfolio for Central Bank of India and improve customer outreach across India, particularly in underserved segments. The arrangement complies with RBI's revised Co-Lending Arrangements (CLA) guidelines dated November 28, 2025.
This partnership should help Central Bank of India grow its retail loan portfolio by leveraging IIFL Finance's large branch network and gold loan customer base, potentially boosting interest income and asset growth. It is a positive business development signal but does not represent a direct order, regulatory approval, or material change in financial guidance.