Central Bank of India-IIFL Finance Co-Lending Tie-Up
Why in the news
Central Bank of India tied up with NBFC IIFL Finance to widen credit access at competitive rates under RBI rules.
About co-lending
A bank and an NBFC fund loans jointly: the bank supplies cheaper money, the NBFC adds customer reach and origination skill.
Key facts
| Function | Under the tie-up |
|---|---|
| Origination | IIFL Finance, via its retail network |
| Credit assessment | Both lenders, on jointly set parameters |
| Interest rate | Blended rate for borrowers |
| Servicing | IIFL Finance handles it |
Exam angle
- Regulator: RBI; guidelines revised November 2025.
- Banks bring low-cost funds; NBFCs bring reach.