Central Bank raises equity capital by way of preferential allotment

Of Rs 3353 crores

Central Bank announced that the Government of India vide letter dated 27 September 2019 conveyed the sanction of President of India for release of Rs 3353 crores to Bank towards contribution of the Central Govt in preferential allotment of equity shares during FY2019-20. The said fund was received by the Bank on 27 September 2019 and kept in "Central Bank of India Share Application Money Account".

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