Central Bank of India gains as board to consider buyback of perpetual bonds

Central Bank of India rose 0.72% to Rs 83.95 at 12:21 IST on BSE after the bank scheduled a board meeting on 23 January 2017, to consider and approve the proposal for premature buyback of 9.40% perpetual bonds of Rs 500 crore.

The announcement was made after market hours yesterday, 19 January 2017.

Meanwhile, the S&P BSE Sensex was down 113.82 points or 0.42% at 27,192.63

On BSE, so far 9,168 shares were traded in the counter as against average daily volumes of 61,020 shares in the past one quarter. The stock hit a high of Rs 84 and a low of Rs 83.25 so far during the day. The stock had hit a 52-week high of Rs 112 on 20 June 2016. The stock had hit a 52-week low of Rs 48.20 on 17 February 2016.

The large-cap bank has equity capital of Rs 1902.17 crore. Face value per share is Rs 10.

Central Bank of India reported net loss of Rs 641.82 crore in Q2 September 2016 compared with net profit of Rs 112.87 crore in Q2 September 2015. Central Bank of India's total income decreased 1.95% to Rs 6965.45 crore in Q2 September 2016 over Q2 September 2015.

The Government of India holds 81.28% stake in Central Bank of India (as per the shareholding pattern as on 31 December 2016).

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