Central Bank of India enters into MOU with PSB Alliance Pvt Ltd

Central Bank of India, a leading Public Sector Bank has entered MOU with M/s PSB Alliance Private Limited on 27.03.2025 for Digital Supply Chain Finance. The MoU is inked by Mr.S.S. Murty, General Manager-MSME. Central Bank of India and Mrs. Anjali Mohanty, MD & CEO, PSB Alliance Private Ltd in august presence of Executive Directors of Central Bank of India Mr. M V Muralikrishna and Mr. Mahendra Dohare.

Under this partnership, Central Bank of India will leverage the digital platform offered by PSB Alliance Private Limited for end-to-end, paperless financing for supply chain participants. This initiative aligns with Bank's commitment to digital transformation, financial accessibility and risk-optimized lending for businesses of all sizes.

Shares of Central Bank of India was last trading in BSE at Rs. 42.68 as compared to the previous close of Rs. 43.94. The total number of shares traded during the day was 448520 in over 1211 trades.

The stock hit an intraday high of Rs. 44.59 and intraday low of 42.56. The net turnover during the day was Rs. 19481882.00.

Source : Equity Bulls

Keywords

CentralBankofIndia INE483A01010 MOU PSBAlliance DigitalSupplyChainFinance