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Central Bank of India News

Central Bank of India soars over 10% after RBI's nod on insurance foray

Shares of Central Bank of India soared up to 10.56 per cent to hit an intraday high of Rs 57.86 a piece on Monday

Central Bank of India soars over 10% after RBI's nod on insurance foray
Updated On : 25 Nov 2024 | 11:50 AM IST

Nifty PSU Bank index soars 4%; Indian Bank, BOB zoom up to 12% post Q2 nos

At 02:20 pm; the Nifty PSU Bank index was the top gainer among sectoral indices, up 4 per cent, as compared to 0.8 per cent rise in Nifty 50.

Nifty PSU Bank index soars 4%; Indian Bank, BOB zoom up to 12% post Q2 nos
Updated On : 28 Oct 2024 | 3:07 PM IST

Central Bank Q2FY25 results: Net profit rises 51% to Rs 913 crore

Recoveries from written-off accounts, treasury income boost bottom line

Central Bank Q2FY25 results: Net profit rises 51% to Rs 913 crore
Updated On : 17 Oct 2024 | 3:52 PM IST

CCI clears Central Bank of India's stake acquisition in Future Generali

FEL holds direct and indirect investments in the general insurer, Future Generali India Insurance Company Limited, which is a joint venture between the company and Genera Group

CCI clears Central Bank of India's stake acquisition in Future Generali
Updated On : 15 Oct 2024 | 9:02 PM IST

Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.

Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?
Updated On : 09 Sep 2024 | 12:40 PM IST

Central Bank of India's bid for Future's insurance JV stakes gets CoC nod

The state-owned lender has to get Irdai's approval in 90 days to buy FEL's stake in insurance JVs

Central Bank of India's bid for Future's insurance JV stakes gets CoC nod
Updated On : 21 Aug 2024 | 7:20 PM IST

Central Bank of India top bidder for Future's stake in insurance ventures

Central Bank of India on Wednesday said it has emerged as the successful bidder for the stake acquisition of debt-ridden Future Enterprises Ltd (FEL) in life and general insurance venture. Central Bank of India has been declared as the successful bidder by the Committee of Creditors (CoC) for the sale of Category 1 assets of FEL in Future Generali India Life Insurance Company Limited and Future Generali India Insurance Company Limited, the state-owned bank said in a regulatory filing. The Letter of Intent dated August 20, 2024, is received by the bank in this regard, it added. Future Enterprises owns a 25 per cent stake in Future Generali India Insurance Company and a 33 per cent stake in Future Generali Life Insurance. On July 20, 2022, the Mumbai bench of the National Company Law Tribunal (NCLT) ordered initiating insolvency resolution proceedings against the debt-ridden FRL and dismissed objections raised by e-commerce major Amazon. The NCLT has passed the order after allowing

Central Bank of India top bidder for Future's stake in insurance ventures
Updated On : 21 Aug 2024 | 6:58 PM IST

Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results

PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.

Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results
Updated On : 29 Jul 2024 | 11:02 AM IST