Hotline: 1800 102 2007
X
Search Business Opportunities
2010-10-22

Central Bank and Bajaj Finance bond

To co finance retail and SME loans.

Mumbai, Oct 21 (PTI) Public sector Central Bank of India and Bajaj Finance, a leading non-bank finance company, today got into an alliance to co-finance retail and SME loans. The tie-up is a first-of-its-kind in the industry .  As per the tie-up, the assets would be partially assigned to Central Bank of India on a periodic basis and the administration and servicing of these loans would be managed by Bajaj Finance Bajaj Finserv's Managing Director, Sanjiv Bajaj, has estimated the co-financing could go upto Rs 1,000 crore over the next 18 months. "Our estimates for the co-financing relationship would be to assign Rs 1,000-crore of co-financing loans over the next 18-months. Bajaj Finance's alliance with Central Bank of India is strategic as it creates another business model to grow our lending business further," Sanjiv Bajaj said.

Related opportunities
  • Security Services
    About Us: V-Authenticate builds innovative security products that raise security standards..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About Us: BiryaniArt is one the fastest growing speciality restaurant brands,..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ayurvedic, Herbal & Organic Products
    About Company:Bio Veda Action Research company formerly known as Biotique..
    Locations looking for expansion New Delhi
    Establishment year 1992
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200 – 500 sq. ft.
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Non Banking Financial Company (NBFC)
    GOLD CASH LTD. – a premium business opportunity with promising..
    Locations looking for expansion Odisha
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bhubaneswar Odisha
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts