Central Bank of India rose 2.15% to Rs 15.20 after the bank's board approved the proposal to raise upto Rs 500 crore by issuing non-convertible redeemable unsecured basel III compliant tier 2 bonds in the nature of promissory notes.
The bank's net profit rose 19.9% to Rs 160.79 crore on a 1.9% increase in total income to Rs 6,833.94 crore in Q2 September 2020 over Q2 September 2019.
Central Bank of India, a public sector banking institution has their branches in 27 states and 4 union territories in India. As of 30 September 2020, the Government of India held 89.78% stake in the bank.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app