Central Bank of India has received regulatory approval from the Competition Commission of India (CCI) to increase its shareholding in two Generali insurance companies.
The approval was granted on March 3, 2026 and marks an important step in the bank’s plan to expand its presence in the insurance sector.
The Competition Commission of India approved the proposed transaction under Section 31(1) of the Competition Act, 2002. The decision was taken during the Commission’s meeting held on the same date.
Under the approved deal, Central Bank of India will acquire additional equity stakes in two insurance companies of the Generali group.
The bank will purchase an additional 1.09 percent stake in Generali Central Insurance Company Limited (GCICL) and 0.82 percent additional stake in Generali Central Life Insurance Company Limited (GCLICL).
After this acquisition, the bank’s shareholding in both companies will increase to 26 percent each.
Earlier, the bank had informed stock exchanges about the proposed acquisition on November 6, 2025.
According to the filing, this acquisition will strengthen Central Bank of India’s presence in both general and life insurance businesses through its partnership with the Generali group.
With a 26 percent stake in both companies, the bank will have greater influence in the strategic direction of these insurance companies while remaining within regulatory ownership limits.
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