Central Bank of India partners with IIFL Finance for co-lending initiative | Business Upturn

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Central Bank of India has announced a strategic co-lending partnership with IIFL Finance Limited, aimed at offering loans at competitive rates. The collaboration is set to expand the lending portfolios of both entities.

Under this partnership, IIFL Finance, a prominent non-banking financial company with assets under management of ₹49,027 crore as of December 31, 2025, will originate loan proposals. These proposals will be processed by both lenders based on jointly established credit parameters and eligibility criteria. The arrangement is expected to benefit borrowers through a blended interest rate and is designed to enhance customer outreach across India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Central Bank of India IIFL Finance Mumbai