Central Bank of India gains on partnering with C2FO Factoring Solutions
Central Bank of India is currently trading at Rs. 38.04, up by 0.18 points or 0.48% from its previous closing of Rs. 37.86 on the BSE.
The scrip opened at Rs. 37.84 and has touched a high and low of Rs. 38.16 and Rs. 37.43 respectively. So far 505074 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.89 on 06-Dec-2024 and a 52 week low of Rs. 32.81 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 38.50 and Rs. 37.05 respectively. The current market cap of the company is Rs. 34350.07 crore.
The promoters holding in the company stood at 89.27%, while Institutions and Non-Institutions held 6.03% and 4.70% respectively.
Central Bank of India has entered into a strategic partnership with C2FO Factoring Solutions to facilitate Trade Receivables Discounting System (TReDS) services for MSMEs across the country. This collaboration marks a significant step toward improving liquidity and financial inclusion for small and medium enterprises.
Under this partnership, the bank will leverage the capabilities of C2FO Factoring Solutions’ a licensed TReDS platform, branded as C2Treds, to offer seamless invoice discounting services. The move aligns with the Reserve Bank of India’s push to expand digital financing avenues for MSMEs and promote transparent, efficient trade receivables management.
Earlier, C2FO Factoring Solutions had received the permission from the RBI on March 04, 2024 for operating as a TReDS Platform in the Name of C2Treds. C2Treds, the platform of C2FO Factoring Solutions, a wholly owned subsidiary of C2FO. C2FO is a US based organization which commenced its business in 2010 and expanded its activities to several countries.
Central Bank of India is a commercial bank. The bank’s segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business.
