Current Affairs - Banking - Discussion

Private-sector lender CSB Bank, formerly Catholic Syrian Bank, today said that it has entered into a partnership with non-banking finance company, IIFL Finance (IIFL) for sourcing and managing retail gold loan assets. Acting as Business Correspondent (BC) of the bank, IIFL will source new business from markets where CSB Bank does not have adequate branch network. IIFL, with its vast branch network, would help CSB Bank penetrate the lower strata of customers and rural areas resulting in scaling up of the customer base.