Central Bank of India Partners with IIFL Finance Limited for Co-Lending

Central Bank of India has entered into a Co-Lending Partnership with M/s. IIFL Finance Limited to offer loans at competitive rates. This partnership is subject to compliance with the applicable law(s) including the revised Co-Lending Arrangements (CLA) guidelines dated 28.11.2025 issued by Reserve Bank of India (RBI). IIFL Finance Limited, a leading player in the gold loan business across India, will originate loan proposals which will be processed by both lenders as per jointly formulated credit parameters and eligibility criteria. The borrower will benefit from the blended interest rate charged. IIFL Finance Limited will service the loan account throughout the life cycle of the loan. This arrangement is expected to help both the entities and the end borrower and will also help to expand customer outreach across India.