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Central Bank of India cancels agreement to sell stake in housing finance subsidiary

01 Apr 2021 Evaluate

Central Bank of India has cancelled an agreement to sell its stake in housing finance subsidiary to Centrum. In December, the bank had entered into a binding agreement to divest its entire equity stake in Cent Bank Home Finance (CBHFL) to Centrum Housing Finance, subject to approval from regulatory authorities.

Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.

Peers
Company Name CMP
State Bank Of India 940.45
PNB 116.10
Bank Of Baroda 235.70
Canara Bank 118.15
Union Bank Of India 172.65
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