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Bank of Baroda Signs Co-Lending Agreement with IIFL to Boost Gold Loans for Agriculture.

Banking & Finance | Dated: 02 Oct 2025

In September 2025, Bank of Baroda (BoB) entered into a co-lending agreement with India Infoline Finance Limited (IIFL), a Non-Banking Financial Corporation (NBFC), to provide small borrowers with easier and affordable credit against gold, primarily targeting agricultural and allied activities.

🎯 Key Highlights:

  • - The partnership will focus on underserved and unbanked customer segments across semi-urban and rural areas, aiming to improve financial inclusion and provide accessible credit for agriculture-related needs.
  • - IIFL Finance will be responsible for originating gold loans and managing the servicing of these loans, ensuring smooth loan disbursal and repayment processes for borrowers.
  • - BoB will provide the necessary funding for the loans and participate in joint underwriting, sharing the credit risk and supporting the expansion of gold-backed agricultural credit.

💡 Other Important Facts:

📚 Test Your Knowledge:

Which bank signed a co-lending agreement with IIFL in September 2025 for gold loans?

Correct Answer: Bank of Baroda

🚀 Quick Recap:

About Bank of Baroda

  • MD & CEO : Dr Debadatta Chand
  • Headquarters: Alkapuri, Vadodara