Central Bank of India — Important, 05-06-2025: General Updates

Central Bank of India has announced a board meeting. The bank acquired a 24.91% stake in Future Generali India Insurance Company Limited for up to INR 451 crore, entering the general insurance sector. FGIICL reported a gross direct premium of INR 4910.89 crore in FY 2023-24 and operates across 150+ locations. This move broadens Central Bank’s business into insurance, tapping into FGIICL’s robust premium growth and extensive network.