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Central Bank of India to exit housing finance business in ₹160 cr deal
short by Rishabh Bhatnagar / on Friday, 25 December, 2020
State-owned Central Bank of India said it will exit housing finance joint venture Cent Bank Home Finance by selling its stake of 64.4% to Centrum Housing Finance for ₹160 crore. Centrum Housing parent Centrum Capital said the deal is a strategic acquisition. National Housing Bank and Housing and Urban Development Corporation (HUDCO) are part of the joint venture.