Central Bank of India announced on 27th June, 2025, that it has executed three key agreements concerning its 24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL), following its earlier intimation on 5th June, 2025:

• Shareholders Agreement (SHA): Executed between Central Bank of India, Generali Participations Netherlands N.V., and FGIICL. This agreement outlines the roles and rights of the shareholders, including the right to nominate directors, the first right to share subscription in case of share issuance, and the right to restrict changes in the capital structure, along with certain rights in the day-to-day business operations of FGIICL.
• Trademark License Agreement (TMLA): Executed between Central Bank of India and Generali Participations Netherlands N.V. Under this agreement, Central Bank of India has granted a non-exclusive, revocable, non-transferable, non-assignable license for the trademarks owned by the Bank to Generali. This agreement is valid for a period of ten (10) years.
• Distribution Agreement (DA): Executed between Central Bank of India and FGIICL. This agreement establishes a corporate tie-up for the general insurance policy business, with Central Bank of India acting as a Corporate Agent for soliciting and procuring insurance business for FGIICL. This agreement is for a period of six (6) years, renewable for successive periods of three (3) years.

FGIICL is an associate company of Central Bank of India, with the Bank holding a 24.91% equity stake and Generali Group holding 74.00%.