Tag: central bank of india

Central Bank of India acquires Future’s stake in life, general insurance JVs with Generali for ₹508 crore

Central Bank of India acquires Future’s stake in life, general insurance JVs with Generali for ₹508 crore

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Central Bank of India has completed acquisition of Future Enterprises’ stake in Future Generali India Insurance Company (FGIICL) and Future Generali India Life Insurance Company (FGILICL) for ₹508 crore. The acquisition of 24.91% shareholding in general insurer FGIICL for ₹451 crore and 25.18% in life insurer FGILICL for ₹57 crore marks the foray of the […]

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Central Bank of India returns to black with ₹310 crore net profit in March quarter; FY22 net at ₹1,045 crore

Central Bank of India returns to black with ₹310 crore net profit in March quarter; FY22 net at ₹1,045 crore

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State-owned Central Bank of India on may 9 reported a standalone net profit of ₹310 crore in quarter ended March 2022, on the back of less provisioning for bad loans. The lender had posted a net loss of ₹1,349 crore in the same quarter a year-ago. Total income during Q4 of FY22 rose to ₹6,419.58 […]

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