Central Bank of India soars on approval to enter insurance business
25/11/2024 05:33
** Shares of Central Bank of India CBI.NS rise 8.1% to 56.5
rupees, set for highest one-day pct gain since June 4
** Stock top pct gainer on Nifty public sector bank index
.NIFTYPSU , which is up 4.5%
** Co on Friday said the Reserve Bank of India approved lender's
entry into insurance business
** CBI will ink joint venture with Generali Group for the
business
** CBI up ~ 13% YTD vs 19% gain in public sector bank index
(Reporting by Sethuraman NR)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net/))
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