Question
Download Solution PDFIn October 2021, which of the following banks has entered into a strategic co-lending partnership with IIFL Home Finance Ltd?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Central Bank of India.
Key Points
- Central Bank of India has entered into a strategic co-lending partnership with IIFL Home Finance Ltd.
- It will offer SME LAP (loans against property) loan products under priority sector to MSME borrowers.
- Under this arrangement, lIFL Home Finance Ltd. will originate and process loans as per jointly formulated credit parameters and eligibility criteria.
Important Points
- Central Bank of India will take into its book 80% of the SME LAP Loans under mutually agreed terms.
- IIFL Home Finance will service the loan account throughout the cycle of the loan.
- IIFL Home Finance Ltd is an RBI regulated non-banking finance company with a pan India presence and has a track record of customer acquisition.
Last updated on Jul 10, 2025
-> RRB NTPC Under Graduate Exam Date 2025 has been released on the official website of the Railway Recruitment Board.
-> The RRB NTPC Admit Card will be released on its official website for RRB NTPC Under Graduate Exam 2025.
-> Candidates who will appear for the RRB NTPC Exam can check their RRB NTPC Time Table 2025 from here.
-> The RRB NTPC 2025 Notification released for a total of 11558 vacancies. A total of 3445 Vacancies have been announced for Undergraduate posts like Commercial Cum Ticket Clerk, Accounts Clerk Cum Typist, Junior Clerk cum Typist & Trains Clerk.
-> A total of 8114 vacancies are announced for Graduate-level posts in the Non-Technical Popular Categories (NTPC) such as Junior Clerk cum Typist, Accounts Clerk cum Typist, Station Master, etc.
-> Prepare for the exam using RRB NTPC Previous Year Papers.
-> Get detailed subject-wise UGC NET Exam Analysis 2025 and UGC NET Question Paper 2025 for shift 1 (25 June) here