The President of India, Department of Financial Services, Ministry of Finance, Government of India sold 73,16,12,102 shares of Central Bank of India for ₹2287.75 Cr at ₹31.27 apiece, decreasing its stake from 89.27% to 81.19%. This was part of an Offer for Sale (OFS) to comply with SEBI's minimum public shareholding norms.
A public sector commercial bank providing comprehensive financial services including treasury operations, corporate and wholesale banking, retail banking, and related financial products across India. The bank manages government securities, money market operations, and foreign exchange transactions alongside its core lending and deposit activities. Central Bank serves individual customers, corporations, and institutional clients through its diversified banking operations and financial services network.
