Central Bank of India , a prominent public sector bank, has announced a significant change in its top leadership tenure. The Department of Financial Services, Ministry of Finance, has extended the term of office for Shri M V Murali Krishna, the bank's Executive Director.

Extended Tenure Details

According to a notification issued by the Ministry of Finance on September 15, 2025, Shri Malladi Venkat Murali Krishna's term as Executive Director has been extended beyond its current expiration date. The extension details are as follows:

Extension Condition: The extension is valid until the date of superannuation or until further orders, whichever comes earlier.

Official Communication

Central Bank of India officially communicated this development to the National Stock Exchange of India Limited and BSE Limited on September 16, 2025. The bank's Company Secretary & Compliance Officer, Chandrakant Bhagwat, issued a formal letter to both stock exchanges, ensuring compliance with Regulation 30 of SEBI (LODR) Regulations 2015.

Implications for Central Bank of India

This extension of Shri M V Murali Krishna's tenure as Executive Director signifies continuity in the bank's top management. It allows for sustained leadership and potentially consistent implementation of the bank's strategies and policies over an extended period.

The decision by the Ministry of Finance underscores the government's confidence in the current leadership of Central Bank of India. It also ensures stability in the bank's executive team during a crucial period in the banking sector.

Investors and stakeholders of Central Bank of India will likely view this development as a positive sign for the bank's ongoing operations and future direction. The extended tenure provides an opportunity for long-term planning and execution of the bank's strategic initiatives.

As the banking landscape continues to evolve, the continuity in leadership at Central Bank of India could play a vital role in navigating challenges and capitalizing on opportunities in the coming years.

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.