In June 2021 central Bank of India announced co- landing partnerships with Non- Banking finance companies(NBFCs).
India bulls housing finance limited and LFL home finance limited(India bulls HLF) and ILF Home finance Limited (IIFL HFL) to offer housing loans under priority sector to home buyers .
- Indiabulls HLF and IIFL HFL will service the loan account throughout the life cycle of the loan they will originate and process retail home loans.
- central Bank of India will take 80% of the housing loan into its book under direct assignment transactions .
- This co-lending is based on Reserve Bank of India’s (RBI) co-lending Model (CLM), which was announced by it in November 2020.
About centre Bank of
Establishment – 1911
Headquarters – Mumbai, Maharashtra
MD&CEO – M. V. Rai
Tagline – centre to you since 1911