FilingReader Intelligence

Central Bank of India acquires stake in Future Generali

June 27, 2025 at 07:02 PM UTCBy FilingReader AI

Central Bank of India (BSE:CENTRALBK) is set to broaden its financial services offerings through the acquisition of a 24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL) and a 25.18% stake in Future Generali India Life Insurance Company Limited (FGILICL), with agreements executed on June 27, 2025. These acquisitions follow receipt of requisite regulatory approvals. As a matter of strategic importance, Central Bank has designated FY2026 as the "Year of Business Acceleration," focusing on innovation, operational excellence, and sustainable finance. Key performance indicators highlight the Bank's financial health, with a net profit of INR 3,785 crore for FY2025 and capital adequacy ratio at 17.02%. FGIICL and FGILICL are set to further integrate the group's operations, contributing to both earnings and a commitment to environmental, social, and governance (ESG) principles.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:CENTRALBKBombay Stock Exchange

News Alerts

Get instant email alerts when Central Bank of India publishes news

Free account required • Unsubscribe anytime

Filing Activity Timeline

View Complete Filing History →