- 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
a. Muthoot Finance
b. Indiabulls
c. IIFL Finance Ltd
d. Motilal Oswal Financial Services
