Central Bank of India has announced a strategic partnership with KredX Platform Pvt Ltd (KPPL) to enhance financial support for Micro, Small, and Medium Enterprises (MSMEs) across India. This collaboration aims to leverage the Trade Receivables Discounting System (TReDS) to improve liquidity and financial inclusion for small and medium enterprises.

Partnership Details

The partnership will utilize KredX's newly licensed TReDS platform, branded as DTX (Domestic Trade Exchange), to offer seamless invoice discounting services to MSMEs. KredX, recognized as India's leading integrated supply chain finance platform, holds the distinction of being licensed by both the Reserve Bank of India (RBI) and the International Financial Services Centers Authority (IFSCA).

Significance for MSMEs

This strategic move is expected to significantly benefit MSMEs by:

• Improving access to working capital
• Enhancing liquidity management
• Promoting financial inclusion
• Streamlining trade receivables management

Alignment with RBI's Vision

The collaboration aligns with the Reserve Bank of India's initiative to expand digital financing avenues for MSMEs. It also supports the central bank's efforts to promote transparent and efficient trade receivables management in the country.

About KredX

KredX stands out in the fintech landscape as one of the few entities with dual licensing from both the RBI and IFSCA. This positions the company as a trusted partner in the supply chain finance sector, capable of offering comprehensive financial solutions to businesses.

Central Bank of India's Commitment

By partnering with KredX, Central Bank of India demonstrates its commitment to supporting the MSME sector, which is crucial for India's economic growth. The bank's decision to leverage advanced fintech solutions showcases its adaptability to the changing financial landscape and its focus on meeting the evolving needs of small and medium enterprises.

Conclusion

This partnership between Central Bank of India and KredX marks a significant step towards modernizing MSME financing in India. By harnessing the power of TReDS through the DTX platform, the collaboration is set to create a more inclusive and efficient financial ecosystem for small and medium businesses across the country.

Central Bank of India , a prominent public sector bank, has announced a significant change in its top leadership. Shri Matam Venkat Rao, who served as the Managing Director and CEO of the bank, has retired from his position effective July 31, 2025.

Retirement Details

The bank officially notified the stock exchanges, BSE and NSE, about this change in board composition. According to the announcement:

• Shri Matam Venkat Rao ceased to be the Managing Director & CEO of Central Bank of India.
• The retirement took effect from the close of working hours on July 31, 2025.
• The reason for his departure is cited as superannuation, marking the end of his tenure at the helm of the bank.

Official Communication

The notification to the stock exchanges was signed by Chandrakant Bhagwat, the Company Secretary & Compliance Officer of Central Bank of India. This communication adheres to the regulatory requirements under Regulation 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications and Next Steps

While the bank has not yet announced a successor, this change in leadership marks a significant moment for Central Bank of India. The retirement of a Managing Director & CEO often leads to a period of transition as the bank's board and stakeholders prepare for new leadership.

Investors and market watchers will likely be keen to see who takes over the reins at Central Bank of India and what strategic direction the new leadership might take. As of now, the bank has not provided any information about the succession plan or an interim arrangement.

Central Bank of India, with its vast network and significant role in India's banking sector, will be closely watched in the coming days as it navigates this leadership transition. The bank's future strategies and performance under new leadership will be of interest to both investors and customers alike.

As this development unfolds, stakeholders will be anticipating further announcements from the bank regarding its leadership succession plans.