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Central Bank of India ( (IN:CENTRALBK) ) has provided an announcement.
The Central Bank of India has announced the amalgamation of several Regional Rural Banks (RRBs) in Bihar and West Bengal, effective from May 1, 2025. This move, sanctioned by the Central Government, aims to enhance public interest and regional development by consolidating resources under the sponsorship of Punjab National Bank, thereby streamlining operations and potentially improving service delivery in these regions.
More about Central Bank of India
Central Bank of India is a prominent financial institution in India, involved in providing a wide range of banking services. It plays a significant role in sponsoring Regional Rural Banks, which are crucial for the development of rural banking infrastructure in India.
YTD Price Performance: -35.82%
Average Trading Volume: 642,655
Current Market Cap: 327.9B INR
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