Central Bank of India has entered into a distribution agreement with Bandhan AMC Limited to offer mutual fund products to its customers. The partnership represents a strategic move to expand investment opportunities for the bank's customer base through diversified mutual fund offerings.

Partnership Details

The distribution agreement will enable Central Bank of India customers to access various mutual fund products offered by Bandhan AMC Limited. According to the bank's official communication, this arrangement will provide customers with opportunities to unlock the value of their savings through professionally managed investment products.

About Bandhan AMC Limited

Bandhan AMC Limited was established in 2000 and was formerly known as IDFC AMC. The company focuses on helping savers become investors and create wealth through prudently constructed investment products across mutual funds and portfolio management services platforms.

Company Background and Backing

Bandhan AMC Limited is supported by strong institutional backing from multiple entities:

• Bandhan Financial Services Limited
• Chrys Capital
• GIC Singapore

This robust backing provides the asset management company with the financial strength and expertise to serve its growing investor base effectively.

Business Scale and Presence

Bandhan AMC Limited has established itself as one of the leading asset management companies in India with significant market presence and customer reach.

The partnership between Central Bank of India and Bandhan AMC Limited is expected to create mutual benefits for both entities while providing enhanced investment opportunities for banking customers seeking to diversify their financial portfolios through professionally managed mutual fund products.

Central Bank of India has emerged as the successful bidder in a strategic move to increase its stakes in two insurance companies. The bank is set to acquire additional equity stakes in Generali Central Life Insurance Company Limited (GCLICL) and Generali Central Insurance Company Limited (GCICL) from Future Corporate Resources Private Limited (FCRPL).

Key Acquisition Details

The acquisition involves the following equity stakes:

Acquisition Process

• The Committee of Creditors (CoC) declared Central Bank of India as the successful bidder for the sale of FCRPL's assets.
• The bank received a Letter of Intent dated November 4, 2025, confirming their successful bid.
• The acquisition is being conducted under Regulation 29 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

Implications

This strategic move will allow Central Bank of India to increase its equity stake in both insurance companies to 26% each, potentially strengthening its position in the insurance sector. The bank has stated that it will inform stakeholders about future developments related to this acquisition.

Central Bank of India's decision to increase its stakes in these insurance companies may indicate a focus on diversifying its financial services portfolio and potentially capitalizing on the growing insurance market in India.