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Central Bank of India

By Nimrat , 28 November 2025
C

Key Executive Appointments at Union Bank, Central Bank, and Bank of India

Union Bank, Central Bank, and Bank of India have announced pivotal executive director (ED) appointments as part of ongoing leadership realignments to strengthen governance and operational efficiency. These appointments are strategic moves aimed at enhancing corporate oversight, driving business growth, and aligning with regulatory expectations. Each bank has selected senior executives with extensive experience in retail banking, corporate lending, risk management, and strategic operations.

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  • Banking
  • Employment
By Gurleen Bajwa , 6 June 2025
a

Central Bank of India Ventures into the Insurance Sector with Stake Acquisition in Future Generali India Life Insurance

Central Bank of India has secured a 25.18% stake in Future Generali India Life Insurance Company Limited (FGILICL) for Rs 57 crore, marking a significant move into the insurance sector. The acquisition, part of the insolvency resolution process, involves the purchase of 65,43,80,439 shares of FGILICL. This investment is expected to strengthen the bank's portfolio and expand its business footprint. FGILICL, with a gross written premium of Rs 1,810.53 crore in FY24, offers a range of insurance products including term, health, and retirement plans.

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  • Insurance
  • Banking
Central Bank of India

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