Central Bank of India has received in-principle approval from Board of the Directors to acquire entire stake in Cent Bank Home Finance (CBHFL) i.e. remaining 35.60% stake from the existing shareholders of CBHFL namely National Housing Bank, Specified Undertaking of Unit Trust of India (SUUTI) and HUDCO subject to receipt of all regulatory approvals. The Board of the Directors of the Bank in its meeting held on December 26, 2022 has approved the same.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.