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CSB Bank Ltd partners with IIFL Finance Ltd

Published on October 29, 2020
Current Context: Catholic Syrian Bank Ltd partnered with IIFL Finance Ltd to offer gold loans in untapped locations of rural areas.
CSB Bank Ltd partners with IIFL Finance Ltd
  • They have entered into a partnership to source and manage the retail gold loan assets. 
  • IIFL, which is an NBFC, will perform the role of Business Correspondent of the bank.
  • With the vast network of IIFL, it will source new business from markets especially from the locations where CSB bank is not having its branch network. 
  • This will help CSB Bank to handle customers from rural areas as well. 
  • Static Part: 
    • HQ of CSB Bank: Thrissur, Kerala
    • MD and CEO of CSB Bank: C VR Rajendran
    • HQ of IIFL Finance Ltd: Mumbai
    • MD of IIFL Finance Ltd : R Venkataraman

Question: 

Q.1 With which finance organisation, Catholic Syrian Bank Ltd has entered into a partnership to offer gold loans in untapped locations of rural areas?
a. Muthoot Finance
b. Indiabulls
c. IIFL Finance Ltd
d. Motilal Oswal Financial Services
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