Central Bank of India has entered into a strategic co-lending partnership with Home First Finance Company (HFFC) India, which offers home loans to borrowers at competitive rates. HFFC is a housing financing company which drives affordable loans. The main target of the company in various sectors. Its Asset Under Management (AUM) in March 2022 stood at 5,380 crores, spread across 61,684 customers. It operates through its 80 branches in 12 states and one union territory. This co-lending arrangement helps to expand the portfolio of the Central Bank of India and Home First Finance Company of India. However, the Central Bank of India is a public sector bank. In PAN India, 4,528 branches are present with a network, 2,999 ATMs, and 10,644 BC Points, a total of 18,171 points as of June ended.

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Increasingly, the bank had reported 14.2 per cent in standalone net profit to Rs 235 crore on a 0.9 per cent rise in total income to Rs 6,357 crore in the first quarter of FY23 over the same period of the previous year. Central Bank of India’s shares fell by 1.21 per cent to Rs 20.40 on the Bombay Stock Exchange (BSE).