The AISI 316L type of stainless steel is a popular steel material, as it has excellent corrosion resistance in aqueous solutions at ambient temperatures. However, the application of the AISI 316L stainless steel is limited by its relatively low hardness and low wear resistance. In this study, the electroless Ni–B coating was deposited on the AISI 316L stainless steel, and its structural, tribological and corrosion properties were characterised. Microstructural analysis showed that the electroless Ni–B coating deposited on the AISI 316L steel substrate exhibited a typical cauliflower-like structure exhibits an amorphous growth. From this study, it may be concluded that this process cannot only improve the hardness and wear resistance of the 316L stainless steel, but can also provide cathodic protection without losing or sacrificing the original properties of the 316L stainless steel.