Central Bank of India has entered into a strategic Co-lending Partnership with Dhanvarsha Finvest (DFL) to offer loans against gold ornaments under priority sector to MSME borrowers at competitive rates. The participation by both the entities in this co-lending arrangement will result in greater expansion of portfolio by Central Bank of India & Dhanvarsha Finvest.
Under this arrangement, Dhanvarsha Finvest will originate and process loans against gold ornaments as per jointly formulated credit parameters & eligibility criteria and Central Bank of India will take into its book 80% of the Gold Loans under mutually agreed terms. DFL will service the loan account throughout the life cycle of the loan. This Co-lending arrangement is expected to help both the entities to offer convenient experience & customer delight to their customers as well as help 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.
