Central Bank of India shares edged higher on Tuesday after the lender announced a strategic partnership with C2FO Factoring Solutions to boost Trade Receivables Discounting System (TReDS) services for MSMEs across the country. The stock was trading at ₹38.04 on the BSE, up 0.48% from its previous close of ₹37.86. Partnership DetailsThrough this collaboration, Central Bank of India will use C2FO Factoring Solutions’ licensed TReDS platform, branded as C2Treds, to offer seamless invoice discounting services. C2FO Factoring Solutions, a wholly owned subsidiary of US-based C2FO, had received RBI approval on March 4, 2024, to operate as a TReDS platform. Central Bank of India continues to operate across multiple banking segments, including Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other services.