Mumbai, September 24 (Udaipur Kiran News): Shares of Central Bank of India were trading higher on Wednesday after the lender announced a strategic partnership with C2FO Factoring Solutions to provide Trade Receivables Discounting System (TReDS) services for MSMEs across the country. The stock was quoting at Rs 38.45, up 1.40% from its previous close of Rs 37.92 on the BSE.
The counter opened at Rs 38.00 and touched an intraday high of Rs 38.50 and a low of Rs 37.88. A total of 2,92,638 shares were traded during the session. The bank’s market capitalisation currently stands at Rs 34,458.68 crore.
Over the past year, the scrip has hit a 52-week high of Rs 61.89 (December 6, 2024) and a 52-week low of Rs 32.81 (May 9, 2025). In the last week, it has traded between Rs 38.50 and Rs 37.43.
As per the shareholding pattern, promoters hold 89.27%, institutions 6.03%, and non-institutional investors 4.70%.
The partnership will allow Central Bank of India to leverage C2FO Factoring Solutions’ licensed TReDS platform — C2Treds — for seamless invoice discounting services. This initiative is aimed at enhancing liquidity access for MSMEs, supporting the Reserve Bank of India’s agenda of expanding digital financing avenues and promoting transparent trade receivables management.
C2FO Factoring Solutions, a wholly owned subsidiary of US-based C2FO, had received RBI approval on March 4, 2024, to operate as a TReDS platform under the brand C2Treds. C2FO has been operating globally since 2010 and has expanded across several countries.
Central Bank of India operates across segments including Treasury Operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Business.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
