Bank of India ties up with IKF Finance for co-lending

Bank of India ties up with IKF Finance for co-lending

FPJ Web DeskUpdated: Thursday, March 10, 2022, 09:53 AM IST
article-image
The disbursement under the co-lending arrangement has commenced today (March 10). Representational image |

Bank of India (BOI) has announced it has entered into a co-lending arrangement for Commercial Vehicle Loans with Vijayawada based NBFC “M/s. IKF Finance Limited”(IKF).

The disbursement under Co-Lending arrangement has commenced today (March 10).

Co-Lending is introduced by RBI to increase the credit flow to the unserved and underserved sector by utilizing the nimble footed coverage of NBFC to informal sector. Thus, BOI will leverage the reach of NBFC to build MSME portfolio.

RECENT STORIES

Delhi-NCR Housing Prices Rise 6% in 2025 After 49% Surge in 2024, Bengaluru Tops With 13% Growth:...
Delhi-NCR Housing Prices Rise 6% in 2025 After 49% Surge in 2024, Bengaluru Tops With 13% Growth:...
₹294 Crore Pune Deal Sealed, Lodha Developers Buys 80% Stake In SRPL To Expand Business
₹294 Crore Pune Deal Sealed, Lodha Developers Buys 80% Stake In SRPL To Expand Business
Corruption Blocking Pakistan’s Growth Path, Political Reform Key To Economic Revival: Report
Corruption Blocking Pakistan’s Growth Path, Political Reform Key To Economic Revival: Report
₹19,675 Crore FPI Inflow In February, Foreign Investors Make Strong Comeback
₹19,675 Crore FPI Inflow In February, Foreign Investors Make Strong Comeback
Budget 2026-27 Pushes MSMEs With ₹10,000 Crore Fund, Sector Contributes 35% Manufacturing Output
Budget 2026-27 Pushes MSMEs With ₹10,000 Crore Fund, Sector Contributes 35% Manufacturing Output