Central Bank of India has announced a strategic co-lending partnership with Godrej Housing Finance Ltd. to offer housing loans, marking a significant move in the banking and housing finance sector. This collaboration aims to expand the bank's housing loan portfolio while providing customers with competitive interest rates.

Key Details of the Partnership

Implications and Benefits

The co-lending arrangement is expected to yield several advantages:

1. Portfolio Expansion: Both entities anticipate greater expansion of their loan portfolios.
2. Competitive Rates: Customers may benefit from more competitive interest rates on housing loans.
3. Wider Reach: The partnership aims to expand the reach of both institutions across India.
4. Improved Customer Experience: The collaboration is expected to offer a more convenient experience for customers.

About Godrej Housing Finance

Godrej Housing Finance, a part of the Godrej Industries Group, is a housing finance company registered with the National Housing Bank (NHB). It operates across multiple states and has a presence in various segments of housing finance, including prime, mass-market, and affordable housing.

Regulatory Compliance

The partnership will operate subject to compliance with applicable laws, including guidelines issued by the Reserve Bank of India (RBI).

This strategic move by Central Bank of India aligns with the growing trend of partnerships between traditional banks and specialized finance companies, potentially leading to more efficient lending processes and expanded access to housing finance for consumers across India.

Central Bank of India , a prominent public sector bank, has announced that its Board of Directors will convene on October 17, 2025, to discuss several important matters, including the consideration of a second interim dividend for the fiscal year 2025-26. This meeting, scheduled to take place at the bank's Head Office in Mumbai, will also review the bank's financial results for the second quarter of FY 2025-26.

Key Points of the Announcement

Additional Information

The bank has also scheduled a conference call with analysts and investors on the same day, October 17, 2025, at 4:00 PM IST. This call will provide an opportunity for stakeholders to discuss the bank's financial performance for the second quarter and half-year ended September 30, 2025.

Conference Call Details

The senior management team participating in the call will include:

• Shri Kalyan Kumar, MD & CEO
• Shri M V Murali Krishna, ED
• Shri Mahendra Dohare, ED
• Shri Mukul N. Dandige, CFO

This announcement underscores Central Bank of India's commitment to transparency and shareholder communication. The consideration of a second interim dividend suggests a potentially positive financial position for the bank, although investors should await the official announcement and financial results before drawing conclusions.

Shareholders and interested parties are advised to follow the bank's official channels for further updates on the dividend proposal and Q2 financial results following the board meeting.