Central Bank of India is currently trading at Rs. 63.84, showing an increase of 0.23 points or 0.36% from its previous close of Rs. 63.61 on the BSE.

The stock opened at Rs. 63.81, reaching a high of Rs. 64.39 and a low of Rs. 63.70 during the day. A total of 243,857 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, hit its 52-week high of Rs. 76.85 on February 7, 2024, and a 52-week low of Rs. 29.56 on August 3, 2023.

Over the past week, the stock's high and low were Rs. 67.05 and Rs. 62.87, respectively. The company's current market cap stands at Rs. 55,592.74 crore.

Promoters hold 93.08% of the company's shares, while institutions and non-institutions hold 2.97% and 3.94%, respectively.

Central Bank of India has announced a strategic Co-Lending Partnership with Shriram Finance to provide MSME loans at competitive rates, complying with applicable laws and RBI guidelines. This collaboration is expected to enhance the loan portfolios of both entities.

In this partnership, Shriram Finance will originate and process MSME loan proposals based on jointly developed credit parameters and eligibility criteria. Central Bank of India will acquire 80% of these MSME loans under mutually agreed terms, with Shriram Finance servicing the loans throughout their lifecycle. This arrangement aims to offer a convenient customer experience and expand both entities' reach across India.

Central Bank of India operates in various segments, including Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and other banking services.