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

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.

      - 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.

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