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Strategic partnerships of the Central Bank of India to broaden its portfolio

Aug 30, 2023

By: BlinkX Research Team

Central Bank of India entered into a co-lending partnership with IKF Finance, IKF Home Finance, and Samunnati Financial Intermediation & Services.

To offer competitively priced loans for agricultural and MSMEs, the Central Bank of India and Samunnati Financial Intermediation & Services Private Limited have formed a strategic co-lending partnership.

In order to provide MSME and house loans at competitive rates, the bank has also engaged in a strategic co-lending partnership with IKF House Finance Limited. With IKF Finance, a strategic co-lending partnership has been established to provide MSME loans at competitive rates.

By taking part in these co-lending arrangements, the bank and other entities will be able to expand their portfolios more.

Samunnati Financial Intermediation & Services and IKF Finance are registered with the Reserve Bank of India, while IKF Home Finance Limited is registered with the National Housing Bank.

Source: Media Reports