Central Bank of India acquires stakes in Future Generali India Insurance and Life Insurance companies, joining other public sector banks in insurance ventures.

Central Bank of India has acquired an equity stake of 24.91 per cent in Future Generali India Insurance Company Limited (FGIICL). With this acquisition, the Bank is venturing into the insurance ...

Deposit insurance in India was introduced in 1962 with a coverage limit of Rs 1,500 per depositor. This limit has been gradually increased over the years, taking it to Rs 20,000 in 1976 and Rs ...

Central Bank of India acquires equity stake of 24.91% of Future Generali India Insurance Company Limited, the bank informed in an exchange filing on Thursday, June 5, 2025.

Central Bank of India acquires Future’s stake in life, general insurance JVs with Generali for ₹508 crore The acquisition of 24.91% shareholding in general insurer FGIICL for ₹451 crore and ...

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Central Bank has acquired a major stake in a private insurer for cash consideration of up to Rs 451 crore. The acquisition of shares was completed on 04.06.2025, the exchange filing reads.