CCI approves acquisition of additional shareholding in Generali Central Insurance Company and Generali Central Life Insurance by Central Bank of India

Posted On: 05 MAR 2026 10:47AM by PIB Delhi The Competition Commission of India (CCI) has approved acquisition of additional shareholding in Generali Central Insurance Company Limited and Generali Central Life Insurance Company Limited by Central Bank of India. The proposed combination relates to acquisition of 1.09% additional equity in Generali Central Insurance Company Limited ( GCICL ) and 0.82% additional equity in Generali Central Life Insurance Company Limited ( GCLICL ) by Central Bank of India. Central Bank of India is engaged in provision of banking services in India including acceptance of deposits, lending, and provision of allied financial services. GCICL and GCLICL are engaged in the provision of insurance products in India. GCICL provides general insurance services and GCLICL provides life insurance services in India. Detailed order of the Commission will follow. ***** NB/ONP (Release ID: 2235410) Visitor Counter : 755 Read this release in: Gujarati , Urdu , हिन्दी , Bengali , Bengali-TR , Tamil Competition Commission of India CCI approves acquisition of additional shareholding in Generali Central Insurance Company and Generali Central Life Insurance by Central Bank of India Posted On: 05 MAR 2026 10:47AM by PIB Delhi The Competition Commission of India (CCI) has approved acquisition of additional shareholding in Generali Central Insurance Company Limited and Generali Central Life Insurance Company Limited by Central Bank of India. The proposed combination relates to acquisition of 1.09% additional equity in Generali Central Insurance Company Limited ( GCICL ) and 0.82% additional equity in Generali Central Life Insurance Company Limited ( GCLICL ) by Central Bank of India. Central Bank of India is engaged in provision of banking services in India including acceptance of deposits, lending, and provision of allied financial services. GCICL and GCLICL are engaged in the provision of insurance products in India. GCICL provides general insurance services and GCLICL provides life insurance services in India. Detailed order of the Commission will follow. ***** NB/ONP (Release ID: 2235410) <span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">The Competition Commission of India (CCI) has approved acquisition of additional shareholding in Generali Central Insurance Company Limited and Generali Central Life Insurance Company Limited by Central Bank of India. </span></span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">The proposed combination relates to acquisition of 1.09% additional equity in Generali Central Insurance Company Limited (</span><strong style="font-family:"Times New Roman",Times,serif; font-size:16px">GCICL</strong><span style="font-family:"Times New Roman",Times,serif; font-size:16px">) and 0.82% additional equity in Generali Central Life Insurance Company Limited (</span><strong style="font-family:"Times New Roman",Times,serif; font-size:16px">GCLICL</strong><span style="font-family:"Times New Roman",Times,serif; font-size:16px">) by Central Bank of India.</span></p> <p style="text-align:justify"><span style="font-family:"Times New Roman",Times,serif; font-size:16px">Central Bank of India is engaged in provision of banking services in India including acceptance of deposits, lending, and provision of allied financial services.</span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">GCICL and GCLICL are engaged in the provision of insurance products in India. GCICL provides general insurance services and GCLICL provides life insurance services in India. </span></span></p> <p style="text-align:justify"><span style="color:black; font-family:"Times New Roman",Times,serif; font-size:16px">Detailed order of the Commission will follow.</span></p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <span style="color:black">*****</span></span></span></p> <p><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong>NB/ONP</strong></span></span></p> " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; document.getElementById('playA').style.display = "none"; 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