Central Bank of India has entered into a strategic Co-Lending Partnership with M/s. Samunnati Financial Intermediation & Services Private Limited to offer Agriculture and MSME Loans at competitive rates, subject to compliance with the applicable laws including the applicable guidelines issued by Reserve Bank of India (RBI). The participation by both the entities in this Co-Lending arrangement will result in greater expansion of portfolio by Central Bank of India and M/s. Samunnati Financial Intermediation & Services Private Limited. Under the arrangement, M/s. Samunnati Financial Intermediation & Services Private Limited will originate and process Loan proposals under Agriculture and MSME Sector as per jointly formulated credit parameters and eligibility criteria and Central Bank of India will take into its books 80% of the Agriculture and MSME Loans under mutually agreed terms. M/s. Samunnati Financial Intermediation & Services Private Limited will service the loan account throughout the life cycle of the loan.

The Co- Lending arrangement is expected to help both the entities to offer convenient experience and customer delight to their customers as well as help expand their reach across India.