Central Bank of India partners Godrej Housing Finance for loan expansion

Central Bank of India has entered into a strategic co-lending partnership with Godrej Housing Finance Ltd. to offer housing loans at competitive rates. This collaboration, announced on October 16, 2025, is subject to compliance with applicable laws, including guidelines issued by the Reserve Bank of India (RBI). The arrangement aims to expand the housing loan portfolio for both entities, leveraging Godrej Housing Finance's presence in prime, mass-market, and affordable housing segments.

Under the agreement, Godrej Housing Finance Ltd., a National Housing Bank-registered Housing Finance Company and part of the Godrej Industries Group, will originate and process housing loan proposals. These proposals will adhere to jointly formulated credit parameters and eligibility criteria. Central Bank of India will subsequently integrate up to 80% of these home loans into its books under mutually agreed terms.

Godrej Housing Finance Ltd. will be responsible for servicing the loan accounts throughout their lifecycle. This co-lending model is expected to provide customers with a convenient experience, enhance customer satisfaction, and collectively expand the reach of both entities across India.