Central Bank of India acquires nearly 25% stake in Future Generali India Insurance for ₹451 crore

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.

Through the latest acquisition, the Central Bank of India aims to venture into the insurance sector. The Competition Commission of India (CCI), Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (IRDAI) have given their approval, the bank said. The acquisition of shares was completed on Wednesday, June 4, 2025. The Central Bank of India bought 35,06,30,136 equity shares of Future Generali India Insurance Company for ₹451 crore.

About Future Generali Insurance Company

Future Generali India Insurance Company Limited, established in 2006 and based in Mumbai, operates in over 150 locations across India. The company provides a range of insurance services in areas such as retail, commercial, personal, and rural. Generali holds a controlling stake of 74% in Future Generali India Insurance Company Limited. The gross written premium of the company stood at ₹4,910.89 crore in FY 24, ₹4,546.23 crore in FY 23 and ₹4,210.35 crore in FY 22.

Central Bank of India Q4 results

The Central Bank of India reported a 28 per cent increase in net profit at ₹1,034 crore for the January to March quarter of FY25. The lender posted a net profit of ₹807 crore in the same period previous year.

The total income of the bank increased to ₹10,433 crore in the quarter ended on March 31, 2025 from ₹9,699 crore a year ago, Central Bank of India said in a regulatory filing. The interest income of the bank rose to ₹8,619 crore from ₹8,337 crore earlier. Meanwhile, the net interest income (NII) in the quarter decreased to ₹3,399 crore from ₹3,541 crore.

In terms of assets, the gross Non-Performing Assets (NPAs) of the bank moderated to 3.18 per cent of gross advances as compared to 4.5 per cent in the same period previous year.