Mumbai, May 23: The government has announced its decision to sell an 8% stake in the Central Bank of India through a bidding process. The Offer for Sale (OFS) has set a floor price of ₹31 per share. Retail investors and bank employees can place their bids starting May 25, 2026. Currently, the government holds a 89.27% stake in the bank and will initially sell 4%, amounting to 36,20,56,051 equity shares. The Central Bank of India, established in 1911, is a leading public sector bank in the country. If the government intends to transfer the bank entirely to a private buyer, amendments to the relevant banking laws in Parliament will be necessary.