
The Indian Central Bank recently set up a pilot basis in Paramacud in Paramacud in Paramacud. Based on the success and reaction of the customer, the bank intends to replicate it in other places. “This is the second in India and first in Tamil Nadu. This is a pilot project and we chose paramacudi because the demand for gold loan is relatively high in this region,” said K.Hashidhar, CEO-Central Bank of India, Chennai Zone.
He also mentioned that the bank recently entered the insurance sector through a common company with Generali Group and started Generali Central Life Insurance Co. Ltd. and Generali Central Insurance Co. Ltd. Mr. Shashidhar also said that about 45-50 new branches will be set up in this zone.
Published – August 8, 2025 22:29