Central Bank of India has entered into co-lending partnerships with Indiabulls Housing Finance and IIFL Home Finance. Under this arrangement, non-banking finance companies (NBFCs) will originate and process retail home loans while Central Bank of India will take into its book 80 percent of the housing loan under direct assignment transactions.
The partnership will result in a greater disbursement of housing loans by the Central Bank of India, Indiabulls HFL, and IIFL HFL. NBFCs will service the loan account throughout the life cycle of the loan. This arrangement will help all three players expand their reach across India.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
