Central Bank gets CCI’s nod to acquire additional stakes in GCICL, GCLICL

Central Bank Of India | Bank - Public | BFSI | BSE: 532885 | NSE: CENTRALBK

04 Mar 2026 Evaluate

Competition Commission of India (CCI) has approved the proposed combination related to acquisition of 1.09% additional equity in Generali Central Insurance Company (GCICL) and 0.82% additional equity in Generali Central Life Insurance Company (GCLICL) by Central Bank of India.

Upon completion of the proposed acquisition, the Bank’s shareholding in GCICL and GCLICL will increase from the existing level of 24.91% and 25.18% respectively to 26%.

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	984.50
PNB	116.80
Bank Of Baroda	232.40
Canara Bank	123.90
Union Bank Of India	177.45
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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