Key Event Details
Central Bank of India launched 'Bharat Connect for Business' on September 10, 2026, in partnership with NPCI Bharat BillPay Ltd. (NBBL). The launch occurred at the Global Fintech Fest 2026 in Mumbai at the NPCI Pavilion.
Platform Features
The platform provides an integrated digital ecosystem for businesses with capabilities including:
- Invoice generation
- Payment initiation and receipt
- Collections management
- Settlement management
- Secure, seamless, and efficient transactions between buyers, sellers, and their banks
Participants
The launch was conducted in the presence of:
- Kalyan Kumar, MD & CEO of Central Bank of India
- Noopur Chaturvedi, MD & CEO of NBBL
Strategic Significance
Central Bank of India becomes the first Public Sector Bank to launch this service. The initiative is expected to support MSMEs and businesses by simplifying digital transactions and enabling greater efficiency through technology-led financial solutions. It reinforces the bank's commitment to contributing to a stronger digital payments ecosystem and supports the vision of Viksit Bharat.
Financial Impact
Financial impact not quantified in the disclosure.